South Indian Bank SARAL Savings

Eligibility

• Individuals in their own name or in joint names of family members

Branches authorized to open the accounts

• All branches except specialized branches

KYC Norms

• Simplified norms are applicable. Introduction from another account holder who has been subjected to full KYC procedure. The introducer's account with the bank should be atleast six months old and should show satisfactory transactions. Photograph of the customer who proposes to open the account and also his address needs to be certified by the introducer
  Or
  other documents like Passport/Ration Card/Voter's card/PAN card as to the identity and address of the customer to the satisfaction of the bank.

Minimum balance for opening the account

• Rs.10/- (Rupees ten only)

No. of Withdrawls

• 20 per half year

Minors' Account

• Permitted

Issue of Cheque books

• One cheque book free of cost

Internet Banking/Mobile banking

• No

Immediate credit of out station cheques

• No

Collection of outstation cheques

• Permitted. Usual collection charges applicable

Conversion to regular SB accounts

• Permitted

Other conditions

• All other terms and conditions relating to Savings Bank accounts are applicable.

Identity proof :

    * Passport
    * PAN card
    * Voter ID card
    * Driving licence
    * Government ID card
    * Photo ration card
    * Senior citizen ID card


Address proof :

    * Passport
    * Telephone bill
    * Electricity bill
    * Bank Statement with Cheque
    * Certificate/ ID card issued by Post office