Student Savings Bank Account aims to make basic banking facilities available to student community especially students drawing scholarships under Government sponsored poverty alleviation programmes.

  • The account shall be subject to Know Your Customer (KYC) /Anti-Money Laundering (AML) norm/guidelines for opening of Bank accounts. 
  • The accounts shall be opened with initial deposit of Rs 50/- or above. However, no single credit entry of `5,00,000/=or above shall be permitted
  • No requirement of maintaining minimum balance. No penalty shall be levied even in accounts with ZERO balance.
  • Debit Card issued free of charges. No annual usage charges levied.
  • 20 free cheque book leaves available to students above the age of 18 years. Beyond, charges @ Rs 2/- per leaf charged.
  • Free e-banking/ SMS facility.
  • 50% concession on normal charges for students in respect of issue/ cancellation of Demand Drafts & Pay Orders (only for study purpose).
  • Maximum four withdrawals in a month including ATM withdrawals. 
  • The account shall be offered other facilities like RTGS/NEFT, inter –Branch transfers, collection of cheques etc. as per service charges schedule.
  • Holders of ‘Student Savings Bank Account’ will not be eligible for opening any other savings bank deposit account. 
  •  Student Savings Bank Account shall be converted to General Savings Bank Account after completion of studies or on attaining the age of 28 years whichever is earlier
  • Nomination facility available.

The account holder should be a student.

  • Account Opening Form.
  • Latest passport size photographs (2) of applicant.
  • Identity Proof.
  • Proof of Address
  • Documents applicable to minor accounts, wherever applicable.