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Eligibility & Account Operation |
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The following are eligible to open a SavingsMax Account: |
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Resident Individuals (sole or joint
account). |
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Hindu Undivided Families. |
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Foreign Nationals residing in India*.
If you are a Foreign National residing in India, you may open a Savings
Account by temporarily attaching an undertaking (QA
22 form), stating sources of credit and a copy of your Residence
Permit.
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Account Operation
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A minimum deposit of Rs. 25,000/- is required to open an account and thereafter an Average Quarterly Balance of the same amount has to be maintained. |
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If the AQB in the SavingsMax a/c >= 25,000/- and/or the balance in the FD is >= 100,000/-, no AQB non-maintenance charges will be levied. |
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If the AQB in the SavingsMax a/c falls below 25,000/- and balance in the FD is also below 100,000 the following charges would be applicable:
| AQB in the SavingsMax a/c between Rs10,000/- and Rs 25,000 |
Rs. 1000/- per quarter |
| AQB in the SavingsMax a/c is less than Rs10,000/- |
Rs. 1,500/- per quarter |
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However, if the SavingsMax a/c AQB is <25,000/- but FD balance is >=100,000/- no minimum balance charges will apply. |
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Transaction charges applicable in case the specified AQB is not been maintained in the previous qtr. |
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| Apply Now |
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Just
fill the Online
Application Form and our representative will get in touch
with you shortly.
Other Ways to apply :
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