Savings Account

A special account that gives the best reach and access to your funds while giving you the flexibility to manage your funds between your Savings Account and Fixed Deposit without having to worry about minimum balance requirements. Benefit from the convenience of value-added services that are standard with your Alanallur Savings Account and enhance the pleasure of your banking experience. These accounts let customers set aside a portion of their liquid assets while earning a monetary return. For the bank, money in a savings account may not be callable immediately and therefore often does not incur a reserve requirement freeing up cash from the bank’s vault to be lent out with interestOne of the easiest saving option. Anybody can start an account with just Rs. 100/- and you need not be bothered about too much paperwork. The Bank provides cheque facility for easy transactions. Any person or persons and associations of individuals like   Societies, Institutions, and Associations approved by the society. An account may be opened individually by one person or by two or more persons in their joint names. Natural guardian i.e. father or mother can open the account on behalf of a minor child/ward. Initial Deposit for opening SB A/c with checkbook – Rs.500/- without checkbook – Rs.100 /- This is also the minimum balance requirement for respective accounts.