1.Individual in personal capacity

2.Individual in joint names

3.A minor with natural guardian

4.A minor over the age of 12 years and who is literate

5.Charitable and Educational Institutions, which is non-commercial

6.A blind

7.An illiterate

WHO CANNOT OPEN A SAVINGS BANK ACCOUNT?

1. Government Department

2.Corporation

3.Commercial Organisation

4.Mentally Retarded

5.Political Parties

FORMALITIES FOR OPENING AN ACCOUNT

1.Application Form

2.Introduction

3.Photographs (two)

4.Proof of Identity

5.Aadhaar Card

6.Mobile Number

7.E-Mail Id

8.PAN Card

9.Passport

10.Driving License

11.Election Voters Card (EPIC)

12.Proof of address

13.Utility bills

14.Property / municipal tax receipt

15.Bank account / Post Office savings bank account statement

16.Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, if they contain the address

MINIMUM BALANCE

1.With cheque facility : Rs.1000

2.Without cheque facility : Rs.500

FACILITIES

1.Nomination

2.Collection of cheques / drafts

3.Standing instructions

4.Cheque book