SMSO Savings Account

Features of SMSO Savings Account
  • Minimum amount of deposits to open a SD account is Rs. 100 /-.
  • The money can be withdrawn by using withdrawal slip at the concerned branches.
  • A maximum amount of Rs. 2 Lakhs can be deposited (or) withdrawn per day.
  • Savings account is of continuing nature. There is no maximum period.
  • A minimum amount of Rs. 100 /- has to be kept in saving account.
  • Enable the depositor to earn high rate of Interest @ 6.00% p.a based on daily minimum balance.
  • Savings Account can be opened as “Individual”, “Either or Survivor”, “Jointly” or “Anyone or Survivor” modes.
  • Nomination facility available.
  • For Savings Bank account, interest will be paid to a maximum balance of Rs. 1,00,000 /-

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Documents required for Opening Savings Account
  • Proof of Identity – Voter ID, Aadhar Card, PAN Card (Any one).
  • Proof of Address – Voter ID, Aadhar Card, Ration Card, Telephone bill, property tax bill, lease deed (Any one).
  • Two Passport size photographs.
  • Rupees One hundred for Membership Enrolment.
  • Rupees One hundred for opening Savings Deposit Account.
  • Deposit account can be opened in the name of minors and should be operated by a Guardian who should be member of SMSO.
Documents required for Opening Savings Account
  • Proof of Identity – Voter ID, Aadhar Card, PAN Card (Any one).
  • Proof of Address – Voter ID, Aadhar Card, Ration Card, Telephone bill, property tax bill, lease deed (Any one).
  • Two Passport size photographs.
  • Rupees One hundred for Membership Enrolment.
  • Rupees One hundred for opening Savings Deposit Account.
  • Deposit account can be opened in the name of minors and should be operated by a Guardian who should be member of SMSO.
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