Features
The account is available only for:
- Only for Resident Indians. NRIs and foreign nationals are not eligible for this Account.
- Individuals residing in rural areas.
- Can be opened at Business Correspondent point by providing eKYC(UID/VID) through biometric based authentication.
NOMINATION FACILITY
- Nomination facility available for bank deposits.
- There can be only one Nominee for a deposit account whether held singly or jointly.
- A person legally empowered to operate a minor's account can file a nomination on behalf of the minor.
- Applicants can make nomination by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
- The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
- For more details approach your bank
Rural Saving Account Features FAQs