Saving Account

Interest Credit: Interest on savings accounts will be credited semi-annually, at the end of September and March, or upon account closure. The interest for the period from April 1 to September 30 will be credited by September 30, and the interest for the period from October 1 to March 31 will be credited by March 31.
If the interest amount for a 6-month period is less than ₹1, it will not be payable. In accordance with RBI guidelines, the interest amount will be rounded to the nearest integer of ₹1.

Account Closure Charges: If the account is closed within 6 months of opening, a charge of ₹100 will be levied. If the account is closed within 12 months, a charge of ₹50 will be applied. For accounts that use more than 20 check leaves in a year, an additional fee of ₹1 per leaf will be charged for every extra leaf issued.

In-operative Accounts: Savings accounts that have been inactive for two years and have a balance of more than ₹100 will be classified as inoperative. The decision to block such accounts will be made by the branch manager, and the account will be marked as “blocked” in the system (debit entries will be locked). To activate or perform debit transactions in such accounts, prior authorization from the branch manager will be required.

Service Charges and Account Operations: The operational terms and service charges for savings accounts, including any other charges, will be determined by the Board of Directors and may be revised periodically in accordance with the applicable rules and regulations.

Interest Credit

Period	Interest Credit Date	Condition
April 1 to September 30	By September 30	Interest will be credited for the 6-month period.
October 1 to March 31	By March 31	Interest will be credited for the 6-month period.
Upon Account Closure	Immediately (upon closure)	Credit of interest upon account closure.

Additional Notes:

If the interest amount for a 6-month period is less than ₹2.50%, it will not be payable. In accordance with RBI guidelines.

Account Closure Charges

Period	Charge
Account closed within 6 months	₹250
Account closed after 6 months but within 12 months	₹148
Cheque leaves beyond 25 in a year	₹3 per leaf

Additional Notes:

GST Charges will be added to the fees as per applicable rules.

Inoperative Accounts

Inactivity Duration	Balance	Action
Inactive for 2 years	More than ₹1500	Account is blocked and marked in the system.
Reactivation Process	N/A	Submit KYC and branch manager authorization required.

Additional Notes:

• Debit entries will be locked during the inoperative period.
• Contact the branch for reactivation instructions.

Service Charges and Account Operations

Service Charge	Applicable Fee
Account Maintenance	Variable (as determined by Board)
ATM Withdrawal	Variable (as determined by Board)
Cheque Book Issuance	Variable (as determined by Board)
Other Operational Charges	Variable (as determined by Board)

Revisions:

• Service charges will be updated periodically according to applicable regulations.
• The Board of Directors reserves the right to revise these charges.