Deposit Insurance and Credit Guarantee Corporation (DICGC)

(A wholly owned Subsidiary of Reserve Bank of India)
DEPOSITS ARE INSURED BY DICGC UPTO RUPEES FIVE LAKH PER DEPOSITOR
DEPOSIT SCHEMES
SAVINGS BANK
  • INDIVIDUAL SAVINGS BANK ACCOUNT
  • INSTITUTIONAL SAVINGS BANK ACCOUNT
  • SARAL SAVINGS BANK ACCOUNT

Features and Benefits of these Accounts

  • Nomination facility available
  • NEFT/ RTGS/ through any branch
  • ECS facility at no additional cost
  • Collection of outstation cheques, demand drafts, pays orders etc.
  • Minimum balance as low as Rs. 1000/- for chequebook issued account & Rs.500/- for No- cheque book and Zero balance in Saral Savings Bank accounts
  • Passbook free of cost. Duplicate pass book can be issued, if original is lost on payment of charges.
  • Facility of statement of accounts through mail on request.
  • Minor account facility available with basic features
Documents required
  • Duly filled Account opening form
  • 3 Photographs (Passport Size)
  • PAN Card/Form 60
  • Anyone of the following OVD, (Original Required for verification)
  1. Passport
  2. NREGA Job Card
  3. Letter issued by the National Population Register
  4. Voter Identity card
  5. Aadhar card
  6. Driving License
Additional Documents for HUF/Institutions/Trust/Club /Associations / Co-op Soc. / Local Bodies
  • Registration certificate
  • Bye Laws
  • Certified copy of resolution
  • List of office bearers
  • Letter from authorized signatory to open an account
  • List of Coparceners
CURRENT DEPOSIT

Features:

  • RTGS / NEFT facility
  • Demand Draft facility
  • Standing instructions
  • Statement of accounts can also be sent through email

Eligibility: The Account can be opened by

  • Individuals
  • Two or More Individuals
  • Sole proprietary firm
  • Partnership firm
  • Joint Hindu family/HUF
  • Private Limited Companies
  • Public Limited Companies
  • Registered/ unregistered Societies/Association/ Trust / Govt. / Semi- Govt bodies / Departments
  • LLP & OPC

Minimum Balance: Rs.3500/-

Documents required
  • Duly filled Account opening form using rubber stamp wherever required
  • K.Y.C form
  • 2 Photographs (Passport Size)
  • PAN Card
  • Anyone of the following OVD(Original Required for verification)
  1. Passport
  2. NREGA Job Card
  3. Letter issued by the National Population Register
  4. Voter Identity card
  5. Aadhar card
  6. Driving License
Additional Documents for HUF/Institutions/Trust/Club /Associations / Co-op soc. / Local Bodies
  • Certified copy of Partnership/Trust deed
  • Registration Certificate
  • Bye Laws
  • List of office bearers / Trustees in /case of Societies /Trust/Associations/Clubs
  • Certified copy of Resolution
  • List of Coparceners
Additional documents for Private/Public Ltd. Co./LLP/OPC
  • Certificate of Incorporation
  • Certificate of Commencement of Business(In case of Public Limited Company)
  • Memorandum and article of Association
  • Certified copy of Board resolution
FIXED DEPOSIT ACCOUNT
  • FIXED DEPOSIT PLAIN
  • FIXED DEPOSIT WITH MONTHLY/Quarterly/Half-yearly INTEREST PAYMENT OPTION
  • FIXED DEPOSIT REINVETSMENT
  • RECCURING DEPOSIT ACCOUNT
  • FD/RD Interest slab w.e.f from 01.01.2024
  • Term Deposit Interest/Maturity Calculator
Recurring Deposit Calculator
Monthly deposit
Interest Rate
Interest Compounding
Period (months)
Maturity Value
Fixed Deposit Calculator
Principal
Interest Rate
Interest Compounding
Period (months)
Maturity Value