BASIC SAVINGS A/C (No Frill)

FEATURES:


1. Adult Individuals can open account.

2. Firms / Joint accounts not eligible

3. Simplified Know Your customer norms to be complied

4. SB no-frill account to be opened with minimum Zero balances at all branches, subject to compliance of all other terms and conditions.”

5. Free Debit Cum ATM card issued at all CBS branches(Annual Charges applicable from next year )

6. Withdrawals through ATMs & branch withdrawals - max 2 per month.

7. No third party withdrawals

8. Nomination compulsory.

9. Interest @ 3.50 % p.a. Interested will be calculated on daily products basis from 01.04.2010 and will be credited in the A/c in August and February every year or at the time of closing the A/c. Min. interest of Rs.1/- will only be credited.

10. Collection of cheques upto Rs. 5000/=into the account.

11. Free quarterly statement of account at Urban and Metro branches. Pass books at Rural & semi-urban branches.

12.No penalty for not maintaining Min balance.

13. No charges for closure of account.(ATM Debit card to be surrendered)

14. Account can be converted into normal SB account by maintaining required minimum balance.

15. Branch Managers are delegated to issue one cheque book free to literate account holders.