Saral Savings Account

  • To provide access to certain minimum common facilities of normal banking Services to all customers without the requirement of any minimum balance.
  • Initial Deposit - NIL
  • Minimum Balance - NIL
  • Basic facilities (free of charges):
  • Deposit and withdrawal of cash at bank branch as well as ATMs.
  • Receipt/Credit of money through electronic payment channels or by means of deposit/collection of cheques drawn by Central/State Government agencies and departments.
  • Cash Withdrawal (four in a month including ATM withdrawals).
  • No limit on number of deposits (cash/clearing/transfer or any other mode ECS, NEFT).
  • Facility of ATM card only. (restricted with our Bank ATMs only).
  • Standing instructions for remitting Recurring Deposit installments and loan account.
  • Unlimited transfer of funds between accounts within bank.
  • Cheque book(20 cheques per financial year).
  • No charges for closure of account.
  • No charge will be levied for non-operation/activation of in-operative ‘AllBank Saral Savings Account’.

Switch option :

  • Option to switch to normal SB account and to maintain applicable minimum balance.
  • The existing basic banking ‘no-frills’ accounts should be converted to ‘AllBank Saral Savings Account’ after fulfilling the norms as stipulated above. Those accounts which are unable to comply with KYC/AML guidelines will be migrated to “Small Savings A/c”.
  • Holders of ‘Saral Savings Bank Deposit Account’ will not be eligible for opening any other savings bank deposit account in the bank. If a customer has any other existing savings bank deposit account in the bank, he/she will be required to close it within 30 days from the date of opening a ‘AllBank Saral Savings Bank Account’.

Only for individuals as per existing Savings Bank account rules.

Transaction charges after permissible four number cash withdrawals(including ATM withdrawals) transactions :

  • Rs. 5/- per transaction for cash withdrawals.
  • Transfer of funds to other banks (Usual NEFT/RTGS Charges).
  • All other charges as applicable to normal Savings Bank Account.
  • Proof of Identity: Photocopy required of any one.
  • PAN Card

  • Passport (along with validity details like date of expiry.

  • Driving License

  • Voter ID Card

  • Identity card with photo issued by: Central Government and its departments, State Government and its departments, Statutory / Regulatory Authorities, Public sector undertakings.

  • Proof of Address: Photocopy required of any one.
  • Passport

  • Voter Id

  • Driving License

  • Bank Passbook / statement.

  • Latest electricity bill or Landline Telephone bill (atleast 3 months old).