Saving is good. Saving smartly is even better.
Open Super Savings Personal Account and get multiple benefits.
Super Savings Account
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Benefits
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Features
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Eligibility
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Documents Required
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Most Important Terms and Conditions (MITC)
Super Savings Account : Benefits
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Flexible auto/reverse sweep facility
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Immediate credit of outstation cheques up to Rs. 25,000
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Quarterly payment of interest
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Safe deposit lockers on priority basis
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Free offering of any branch banking
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Free standing instructions
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Free unlimited cheque book facility
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Free transfer of account to any of the bank's branches
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Provision for nomination
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Super Savings Account : Features
- Auto Sweep/Reverse Sweep w.e.f. 08/10/2020.
- First Sweep out for Rs. 10,000/- will happen only when account balance reaches Rs. 60,000/-.
- Upon customers’ request, the threshold amount of Rs. 50,000 can be increased preferably in multiples of Rs. 1,000 (e.g. Rs. 51,000/-, Rs. 52,000/-, and so on).
- If a customer desires, the sweep out amount of Rs 10,000 can be increased in multiples of Rs 10,000 (e.g. Rs. 20,000/-, Rs. 30,000/- and so on).
- Sweep will be carried out every Monday (at the end of the day).
- Auto/Reverse Sweep with flexibility in threshold and Sweep out amount. Auto transfer of funds exceeding Rs. 50000 to Short Deposit with a minimum of Rs. 10,000/- for 181 days. Reverse Sweep in multiple of Rs.10,000/- will be triggered as and when the available balance in Savings Account falls below threshold of Rs. 50,000/-.
- Free collection of outstation Cheques drawn in favour of A/c holder (Terms and conditions apply).
- Avail 25% discount on minimum annual custody/maintenance charges for Demat Account opened in the name of SSB A/c holders.
Super Savings Account : Eligibility
- The product is ideally suited for all individuals’ viz. Salaried class people, Businessmen, Self-employed, Professionals, Business Executives, Housewives, minors above the age of 10 years etc.
Super Savings Account : Documents Required
List Of Valid KYC Documents For Account Opening | |||||
Permanent Account Number (PAN)/ FORM60 is mandatorily to be obtained while opening of the accounts as per extant Reserve Bank of India Guidelines. | |||||
Officially Valid Documents (OVDs) for Accounts of Individuals |
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Deemed Officially Valid Documents, In case OVD does not contains current/ updated address. (At least one document from the list is Required.) |
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In case of Foreign Students |
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For NRI / Foreign Tourist For PIO/OCI |
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For Foreign Nationals |
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Address proof mentioning the current overseas address (any one) |
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(FRRO/ FRO Certificate/ Permit/ Indian Driving License/ OVDs/ any Deemed OVD mentioned herein above, is required to be provided for Indian Address Proof.)
Accounts of Companies |
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Accounts of Sole Proprietary firms. |
(Any two of the following documents to be obtained)
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Accounts of Partnership firms. (Registered) |
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Accounts of Trusts |
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Accounts of Unincorporated Associations or body of individuals includes unregistered |
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Partnership firm/ trusts and societies. |
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Accounts of Hindu Undivided Family |
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Accounts of the Government or its Departments, societies, universities and local bodies like village panchayats etc. |
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Account of Political Parties |
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Super Savings Account : Most Important Terms and Conditions (MITC)
Minimum Balance Requirement/Charges
- Metro/Urban: Rs. 20000/-.
Charges for Non Maintenance of Minimum Balance
- Metro/Urban: - Rs. 1,000/- per quarter.
Minimum QAB requirement is calculated on the basis of summation of closing balance of number of days divided by number of days. For the purpose of arriving at quarterly average balance/minimum balance charges, the period of quarters is considered as 16th Mar to 15th Jun, 16th Jun to 15th Sep, 16th Sep to 15th Dec and 16th Dec to 15th Mar of a particular year.
Cash Deposit
At Base/local Non-Base Branch:
- Any amount - Free of Charge.
- At Out-Station Branches: Free up to Rs. 30,000 per day per account, thereafter chargeable @ Rs. 2.50 plus GST per thousand or part thereof.
At Cash Machines
- Cash deposit with Debit Card up to Rs. 2,00,000/- per day is allowed where PAN is registered and Rs. 49,999/- where PAN is not registered in account.
- Card less transaction (by feeding account number) is allowed up to Rs. 20,000 per day.
Cash Withdrawal
- At Base/Local Non-Base and Outstation Branches: No Charges.
- Maximum Rs. 50,000/- per day withdrawal allowed to A/c holder only at outstation branches.
- Third party cash payment at local non-base branches and outstation branches is totally restricted.
Interest Calculation and Frequency
- Interest for the period February to April will be credited in May, interest for May to July will be credited in August, interest for August to October will be credited in November and interest for November to January will be credited in February every year.
Withdrawals & use of Withdrawal Form (Slip)
- Withdrawals will be allowed either by withdrawal forms or by cheques. Payment against withdrawal form along with passbook is allowed only for self only with per day limit of Rs. 25,000 (Minimum Rs. 25 in Rural/SU and Rs. 50 in Metro/Urban).
Passbook and Statement of Account
- Free passbook.
- 100/- per duplicate passbook/statement with latest balance only.
Cheque Book Charges:
- Unlimited Free Cheque Book Facility is available.
Registration and Execution of Standing Instructions
- Free of charge.
- 100/- per occasion will be levied for standing instruction failure because of insufficient funds.
Transfer of Account/Scheme
- Upon submission of application along with pass book and unused cheque leaves the account can be transferred to another branch/scheme free of charge.
Closure of Account and Charges
- All the authorized signatories of the account will give in writing with his/her/their intention to close the account. The relative passbook, debit card and the unused leaves should be surrendered along with the letter requesting closure.
- In case of premature closure of the account no charges will be levied if the account is closed within 14 days of first customer induced credit into the account. However, charges @ Rs. 500 plus service tax is levied if account is closed beyond 14 days but within 1 year of the first customer induced transaction. In case of death of account holder, no charges will be levied.
Dormant/Inoperative Account
- Account becomes Inoperative/Dormant if there are no customer induced transactions in Savings Accounts for over a period of Two Years.
- Interest is continued to be applied in all such savings bank accounts.
- No charges are levied for in-operation of accounts.
- Activation/closure of dormant/inoperative accounts will be done after submission of necessary KYC documents, photo, fresh specimen signature, subject to satisfaction of the bank.
- All accounts which have remained inoperative/dormant for a period of 10 years and above will be treated as unclaimed deposits and will be transferred to RBI. Upon receipt of the request from the customer such deposits will be returned subject to conditions.
SMS Alerts Charges
- Free of charge.
Debit Card Charges
- Free Debit Card for the 1st Year then Std. Charges will be levied.
Rules for Transfer/Inter-sol Transfer/Clearing Transactions and Charges
- Transfer Transaction at Base Branch: Allowed freely without any limit.
- Transfer Transaction at Non-Base Branch (local as well as outstation): Normally allowed only at a branch where either drawer or payee maintains account. However, for genuine transactions, branch head is authorized to allow transactions at non-base branch (where neither drawer nor payee maintains account) on case to case basis subject to certain conditions.
- There are no charges for Inter-sol transfer transactions.
Disclosure of Information
- The Bank may disclose information about customer’s account, if required and permitted by law, rule or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds, or in public interest, without specific consent of the account holder(s).
- All relevant policies including code of commitments to customers and Grievance Redressal Policy are available at the Branches
- MITC OF ATM/DEBIT Card, Mobile Banking, Net-Banking in Application Forms are available separately.
- The Bank will notify, 30 days in advance, any change in terms and conditions/ Fees and charges on its Website
- Deposits along with interest kept in different Branches of our Bank is insured by Deposit Insurance & Credit Guarantee Corporation (DICGC) maximum upto Rs 5,00,000( Rs 5 lakh).
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