Savings Account
Savings Account Overview
A savings account is a deposit account that allows you to save money while earning interest on the balance. It is ideal for managing personal finances and saving money for future needs.
Eligibility
Minor with Guardian, Illiterate persons, Blind persons, Executives/Administratives, HUF accounts, Power of attorney, Schools or colleges.
Central/State Govt Departments (if eligible to open SB accounts) such as Govt depts. /bodies/agencies in respect of grants, subsidies released for implementation of various programmes/schemes sponsored by Central Government /State Governments subject to production of an authorization from the respective Govt departments to open Savings Bank account.
Self-help Groups, Institutions, Associations, CUBs etc.
Features & Benefits
Minimum balance With/Without cheque book
With Cheque book - Rs. 1000 / Without Cheque book - Rs. 500
Mode of Operation
Single/Jointly/Either or survivor/ Former or survivor, Later or survivor, etc.
Nomination facility - for individuals only.
Locker facility available
UPI/IMPS/Mobile banking facilities available
Savings Account Interest Rates
The Andhra Pradesh State Cooperative Bank Limited (APCOB) savings account exemplifies putting the customer first. On our savings account types, we provide one of the most attractive interest rates on savings accounts.
- 5 % per annum*
- Additional 0.6% interest for Senior citizens
Documents Required
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KYC Documents of the customer |
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