No-Frills Savings Account

Minimum balance

Nil.

Cheque Book

1 cheque book per financial year (20 leaves).

Account Statement

1 monthly statement free if not opted for the pass book.

ATM Card

Eligible for proprietary ATM card.

Internet Banking (Fednet)

Eligible for View only facility.

AWB facility

Not eligible.

Mobile/ e-mail alert facility

Not eligible.

Maximum number of transactions in the account

5 transactions per month.

 

Note:

Transactions of commercial nature and too frequent transactions are not expected to take place in these accounts. If the number of transactions exceeds 60 per annum, account will be converted as normal savings bank account (FreedomSB).