The Banks are offering 4% interest on saving deposit its a safe and easy way to save your money is with a bank savings account. A bank savings account allows you to deposit money (add money to your account) or withdraw money (remove money from your account) at any time. In return for keeping your money at the bank, the bank pays you money, also known as interest.
Interest will be earned on the money you have on deposit at the bank. Since you may deposit or withdraw money each day, the bank will calculate how much money you should receive in interest. You will also receive a periodic statement from the bank listing your deposits, withdrawals, interest, and account balances. Passbook is also given to the depositors.
Documents required for opening Current Account :-
- Identity Proof (Any one of following documents)
- Passport
- Driving License
- PAN Card
- Voter ID Card
- Defence / Govt / ID Card
- Address Proof (Any one of following documents)
- Passport
- Voter ID Card
- Ration Card
- Electricity/Telephone/Mobile Bill
- Life Insurance Policy /Premium Receipts
- House Lease Agreement
- Employer's Letter in case of Pvt. & Public Ltd. Company.
- Passport Size Photograph of each joint applicant