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Eligibility &
Account Operation: |
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All resident individuals (sole or joint) in the age group of 60 years and
above are eligible to open the Senior Citizens Account.
In case of joint accounts, the first applicant has to be a senior citizen
(>= 60 years of age)
Account Operation
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A minimum deposit of Rs. 2,500/- is
required to open a Senior Citizens Account and thereafter an Average
Quarterly Balance (AQB) of the same amount has to be maintained. |
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Non-maintenance of required AQB will
invite charges of Rs.250/- per quarter. |
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Transaction charges will be applicable
in case the specified AQB has not been maintained in the previous quarter. |
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