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Savings Bank Account

Eligibility :

SB account may be opened in the name of an individual or in the names of two or more individuals. In case of Joint account, it can be operated jointly or severally, with either or survivor or former or survivor clause. Account may be opened in the name of minor, to be operated by natural guardian.

Minor at the age of 13 can operate account individually. An illiterate person can also open account jointly with illiterate or literate but literate will be the survivor. Blind person may also open the account. Account can be opened by a club, a society or an association.

Entities debarred from opening SB a/c :

(vide Circular No. VIG/CVO/NLM/OM-73/06/2004 dated 29.04.04)

  • Govt. Departments
  • Bodies depending upon budgetary allocations for performance of their functions
  • Municipal Corporation or Committees
  • Panchayat Samities
  • State Housing Boards
  • Water and swerage / drainage boards
  • State Text Book Publishing Corporations
  • Societies
  • Metropolitan Development Authority
  • State / Dist Level Housing Coop Societies
  • Any trading, business or professional concern (e.g firms of Chartered Accountants, Lawyers, etc) whether such concern is a Proprietary or a Partnership firm or a company or an association

List of organizations / bodies to which the above prohibition will not be applicable :

(vide Circular No. VIG/CVO/NLM/OM-73/06/2004 dated 29.04.04)

Minimum balance to be maintained :

(subject to change from time to time with 2 months prior notice to the customer)

With cheque book facility
M/U/SU/R branch


Without cheque book facility
Rural branch
M/U/SU branch


Pensioners, visually handicaped, USP a/c, senior citizen, women operated by self or as guardian for minor, industrial / agricultural labourers, low income families, girl students under National incentive scheme for higher education, A/cs opened for financial inclusion.


You have a wide range of choice of deposits through as many as 10 different schemes offered by UBI. You may select them according to your best suited mode of meeting.