Eligibility

• Indian National above 18 years of age

Facilities

• Simplified KYC norms
• NO requirement of any minimum Balance
• 1 FREE Cheque Book in a financial year
• Unlimited FREE Deposit
• RuPay ATM Card
• NEFT /RTGS
• SMS Alerts

Minimum Balance

N.A.

Other Information

• 5 free debit transactions per month.
• Debit Transactions exceeding the permissible limit - charges @ Rs.10.00 + STC per debit transactions
• Total credits in such accounts should not exceed Rs. 1 Lac in a year.
• Maximum balance in the account should not exceed Rs. 0.50 lac at any time
• The total of debits by way of cash withdrawals and transfers will not exceed Rs. 0.10 Lac in a month.
• Remittances from abroad can not be credited to Small Accounts without completing normal KYC formalities
• Small accounts are valid for a period of 12 months initially which may be extended by another 12 months if the person provides proof of having applied for an Officially Valid Document.
• Account Closure Charges: Above 14 days to 6 months: Rs. 100/-