Savings Account – (DBT and Student Scholarship)

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Savings Account – (DBT and Student Scholarship)

Unlock seamless savings with DBT and Student Scholarship accounts. Secure, efficient, and rewarding banking tailored for students and more.

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Details for Savings Account – (DBT and Student Scholarship)

The Savings Account offers hassle-free banking with Direct Benefit Transfers (DBT) and Student Scholarships. It provides quick access to funds, easy transactions, and exclusive benefits, ensuring students and others can save and manage finances effectively with top-notch security.

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Interest Rate

Not available

₹
Withdrawal Limit

Not available

₹
Transaction Limit

Not available

Minimum Balance Required

  • Nil

Eligibility Criteria for Opening an Account

  • Students receiving scholarship amounts and under Govt. schemes and a/c which will receive DBT under Govt. scheme

Additional Benefits

  • Account will be credited with DBT/Scholarship amount even if the account becomes Dormant/ Inoperative.
  • Accounts are exempted from minimum balance charges and inoperative charges.
  • The accounts are free from restrictions of total credit limit.
  • All existing account of all beneficiaries under the Government Scholarship schemes and accounts receiving credit of Direct Benefit Transfer under Govt. schemes opened in various SB schemes EXCEPT SB Small are to be converted to SBDBT scheme to ensure compliance of regulatory guidelines.

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