Savings Account

Saving Bank Account

Features of the Savings Bank Account:

  • Daily Minimum balance of Rs. 1,000/-
  • One personalized cheque book free every year.
  • Debit / ATM card
  • RTGS and NEFT payments to other banks.
  • 5 transactions viz. cash withdrawals/balance inquiry etc. free per month on other Bank ATM
  • Anywhere banking - Deposit or Withdrawal across any NICB branches.
  • Standing instructions.
  • Nomination facility.
  • Free SMS alerts.
  • 24X7 customer care.
  • Internet banking facility.
  • Mobile banking facility
  • Mpassbook app
* With effect from 01st December 2020, the Savings bank deposits will attract 1% rate of interest.


You need to be a Resident Indian for opening a Savings Bank Account.