Q1.What all documents do i need to open a savings account?
Proof of ID
Permanent driving licence
Permanent Account Number(PAN)
NREGA job card
Q2.How many types of account can i choose from?
Basic savings Account
Minor's savings account
Woman's savings account
Senior citizen's savings account
Q3.How much is the minimum account balance i can have in my savings account?
The minimum account balance in a savings account can vary from INR0 To INR25000 depending upon the bank.
Q4.What is a dormant account?
As per Reserve bank of India(RBI) guidelines an account becomes dormant when no transaction has been initiated by any means(cash withdrawl,issue of Cheque, fund transfer, Internet banking etc) for two years at a stretch.
Q5.As a senior citizen what benefits can i get from the Senior citizen savings account?
As a senior citizen there are various facilities you can avail from the account such as: