Senior Citizens Savings Accounts
| Category | Indicative Rate (P.A) |
| Senior Citizens | Contact Bank |
|---|
Features
The minimum balance requirement for a savings account is Rs. 500.00
Fixed Deposits account holders or ‘Dirimaga’ customers can have a minimum balance of Rs.100.00. No opening fee or maintenance fee is applicable.
Account holders are eligible for a Deposit Insurance Coverage of a maximum of up to Rs.1,100,000.00 based on the amount deposited
Eligibility
Account holders with age below 60 years are not allowed to open Senior Citizens Savingsaccounts.
Terms and conditions of Regular Savings Accounts will be applicable for the joint accountswith a non-senior citizen.
Documents Needed
Refer Company