Truly this is “No-Frills SB Account”, mainly launched for low income group people of the society who are financially and economically backward. The main idea behind the No-Frills SB Account is to make banking services available to low income group people who are unable to avail banking services and also who do not have proper KYC documents.
| Particulars | Details |
|---|---|
| Initial Deposit | ₹300 |
| Withdrawal Facility | Withdrawal Slip |
| Minimum Balance Charges | Nil |
SB Account can be opened with an initial deposit of ₹300.
Amount can be withdrawn through withdrawal slip.
No minimum balance charges are applicable.