Deposits
Savings Deposit
The primary objective of Saving Bank Account scheme is to make saving awareness among the public. Individual, individuals, association of individuals, societies, clubs, firms, commercial institutions, companies, etc can open a Saving Bank Account. The mode of operations can be suggested Individually, Jointly, Severally. An account can be initiated by
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Introduction of a person known and acceptable to bank
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One copy of latest passport size photo
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Proof of identity and residence to the satisfaction of bank
The bank provides a pass book and cheque book to the account holder. For issuing cheque book some conditions are maintained.
Key Features & Benefits:
Earn Interest on Deposits - Competitive interest rates
ATM/Debit Card Facility - For easy access to funds
Cheque Book Facility - Optional and available upon request
Net Banking & Mobile Banking - Manage your money anywhere
Nomination Facility - For added security of your savings
Fund Transfers - NEFT, RTGS, IMPS, and UPI enabled
Safe & Regulated - Fully compliant with RBI and banking norms
Types of Savings Deposit Accounts:
Regular Savings Account - For individuals and joint holders
Senior Citizen Savings - Extra interest and benefits for age 60+
Minor Savings Account - For children under 18 (with guardian)
Women’s Savings Account - With tailored benefits and offers
Zero Balance Account - No minimum balance requirement (conditions apply)
Salary Account - Linked to monthly income; zero balance facility
Account Snapshot:
| Feature | Details |
|---|---|
| Minimum Balance | ₹500 to ₹1,000 (varies by account type) |
| Interest Rate | 2.5% to 4% p.a. (subject to change) |
| Account Types | Regular, Senior Citizen, Minor, Women’s, Salary |
| ATM/Debit Card | Free or minimal annual fee |
| Passbook/e-Statement | Available with operating instructions |
| Accessibility | Branch, ATM, Online & Mobile Banking |
How to Open a Savings Account:
Offline:
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Visit the nearest branch with valid documents
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Fill out the application form and submit
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Loan purpose declaration
Online:
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Apply via internet banking or mobile app (if supported)
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Upload soft copies of documents and complete e-KYC
Required Documents:
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Aadhaar Card & PAN Card
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Passport-size Photograph
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Address Proof (Voter ID, Utility Bill, etc.)
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Employment Proof (for Salary Account)
Why Choose VSC Bank for Your Savings?
Trusted service and secure banking environment
User-friendly digital services and mobile banking
Wide ATM and branch network
Quick and easy account opening process
Personalized customer support and alerts
Smart Tips
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Trusted service and secure banking environment
-
User-friendly digital services and mobile banking
-
Wide ATM and branch network
-
Quick and easy account opening process
-
Personalized customer support and alerts