General Small Account

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General Small Account

Open a General Small Account for hassle-free banking with minimal requirements. Enjoy easy transactions, savings benefits, and financial inclusion for all!

  • cheque availibilty
  • penalty for nonmaintenance
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Details for General Small Account

The General Small Account is designed for individuals seeking basic banking services with minimal documentation. Enjoy easy deposits, withdrawals, and savings benefits with no frills. Ideal for financial inclusion, this account provides a secure way to manage funds with essential banking features.

₹
Interest Rate

2.90%

₹
Withdrawal Limit

Not available

₹
Transaction Limit

Not available

Minimum Balance Required

  • 1000/-

Eligibility Criteria for Opening an Account

  • Individuals including pensioners.
  • More than one person in their joint names.
  • Literate minors above 10 yrs of age.

Additional Benefits

  • A variant of Saving Bank account to ensure financial inclusion and to strive for making banking services easily accessible to all segments of society.
  • Minimum initial deposit of Rs 50/-. However, you can also open the account with banking instruments like Banker's cheque, etc.
  • Minimum balance of Rs 50/- only.
  • Maximum balance shall be Rs 50,000/-.
  • Maximum credits of Rs1,00,000/- in a year.
  • The aggregate of all withdrawals and transfers in a month shall not exceed Rs 10,000/-.
  • 4 withdrawals permissible per month.
  • Cheque book facility available if you maintain average quarterly balance of Rs1000/- and above for past 6 months
  • Nomination facility available.

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