Regular Savings
An everyday savings account with interest calculated on your daily balance.
Regular Savings is our most popular account. It is ideal for salary earners, shopkeepers, and families who keep money in the bank for everyday use and occasional emergencies.
Interest is computed on the minimum balance maintained each day and credited every quarter, so any amount you leave in the account keeps working for you.
Interest rates
| Balance slab | Interest rate | Note |
|---|---|---|
| Up to Rs. 1,00,000 | 6.00% p.a. | |
| Rs. 1,00,001 – Rs. 5,00,000 | 6.25% p.a. | |
| Above Rs. 5,00,000 | 6.50% p.a. |
Minimum balance
- Opening balance
- Rs. 500
- Minimum balance to earn interest
- Rs. 500
- Interest type
- Daily balance, credited quarterly
- Interest credit
- Quarterly on 30 June, 30 Sep, 31 Dec, 31 Mar
Who can open this account
-
Resident individuals aged 18 and above
-
Joint accounts (up to two holders)
-
Minors — operated by parent or guardian
-
Existing members of the society