Regular Savings Account Eligibility Criteria

The following people are eligible to open a Regular Savings Account:

• Resident Individuals (sole or joint account)
• Hindu Undivided Families
• Foreign Nationals Residing in India*
• Minor above the age of 10 years are eligible to open self operated minor account and an ATM/Debit card can be issued to the Minor

*Foreign Nationals should be residing in India for a period greater than 180 days and must possess: A valid passport, a valid visa, FRRO (Foreign Region Registration Office) Certificate, and a Residential Permit

Minimum Balance Requirements

• To open a Savings Regular Account, a minimum initial deposit of Rs. 10,000 is required for urban branches, Rs. 5,000/- for Semi-urban branches and Rs. 2,500 for rural branches
• It is mandatory to maintain a minimum average monthly balance of Rs. 10,000 for urban branches, Rs.5000 for semi-urban branches, and an average quarterly balance of Rs. 2500 or a Fixed Deposit of Rs.10,000 for a minimum tenure of 1 year 1 day for rural branches
• If the required average balance is not maintained in savings account, the following non-maintenance charges will be levied:

Balance Non-Maintenance Charges*
AMB Slabs (in Rupees)	Metro & Urban	Semi Urban
	AMB Requirement -Rs 10,000/-	AMB Requirement –Rs. 5,000/-
>=7,500 to < 10,000	Rs. 150/-	NA
>=5,000 to < 7,500	Rs. 300/-	NA
>=2,500 to < 5,000	Rs. 450/-	Rs. 150/-
0 to < 2,500	Rs. 600/-	Rs. 300/-

*Service Tax + Cess applicable

AMB – Average Monthly Balance

AQB Slabs (in Rupees)	Balance Non-Maintenance Charges* (per quarter) - Rural Branches
>= 1000 < 2,500	Rs. 270/-
0 - <1000	Rs. 450/-

*Service Tax + Cess applicable

AQB – Average Quarterly Balance