Basic Savings Account

RSABN Nidhi Basic Savings Account

Product Nature :
This simple basic NIDHI product is in the nature of Small Savings titled as "RSABN Basic Savings NIDHI Deposit Account" without any frills / hidden charges etc.

Target Group:
All resident individuals, who are eligible to open a savings NIDHI account with the branch. The product is ideally suited for all common people, especially who are having low and middle income such as wage earners, workers in unorganized sectors, house wife, students and all individuals having low net worth to inculcate a habit of savings through this basic NIDHI product.

Who can open the account:
All resident individuals in single or joint names who are eligible to open Savings NIDHI Account. This product is not for Non Resident Indians, Trusts, Societies etc.

Minimum Amount :
The Account can be opened with 1000 Rupees also.

Maximum Amount :
Maximum amount that can be kept in the account is Rs. 1 lakh.txn limit per year

Salient Features :

• However, number of withdrawals not to exceed FOUR in a month.
• Standing instruction, ECS (debit) etc. can be made available to such accounts (earlier it was not allowed).
• No restriction on turnover / deposit by adult individual/s.adult in the sense is more then 45 years.
• Introduction and KYC norms will be observed in the account as per extant guidelines.
• Interest rate : 7%, periodicity and method of application of interest will be similar to our usual Savings NIDHI A/c.
• There will be NIL Charges levied for non operation/ activation of in- operative/ dormant a/c's

Click Here To See NIDHI ACCOUNT Rules