Saving Account

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The Nagarik Sahakari Bank Ltd. Bhiwandi offers a 'Saving Account' with facilities such as Rupay Debit Card, SMS alerts, and a mobile app. Accounts can be opened by individuals, jointly, on behalf of minors, for staff salaries, HUF, societies, and trusts.


Key Features and Information

Interest Rate: Interest is paid on a quarterly or half-yearly basis as per the bank's rules and RBI directives (rates may vary, but similar institutions offer around 3.00% to 3.25% p.a.).

Minimum Balance: A minimum balance may be required, which can vary depending on facilities like a cheque book.

Facilities:

  • Rupay Debit Card
  • Cheque book facility
  • SMS Alert
  • Mobile App
  • Nomination facility
  • Standing instructions accepted

Eligibility:

  • Must be a citizen of India.
  • Individuals 18 years and above are eligible.
  • Parents or legal guardians can open accounts for minors.

Documentation Needed:

  • Address Proof
  • Identity Proof
  • One Photograph