- The Nadiad Peoples Co-Op Bank Ltd.
The Nadiad Peoples Co-op Bank Ltd. offers a standard savings account.
Key Features of a Typical Savings Account:
- Purpose: To allow individuals to save money and earn interest on their deposits. It's generally designed for smaller investors.
- Interest Rate: While specific interest rates for the Nadiad Peoples Co-op Bank's general savings account weren't explicitly detailed in the search results, other cooperative banks in the region offer savings account interest rates around 3.00% to 3.50% per annum. It's best to contact the bank directly for their current rates.
- Cheque Book Facility: Typically, savings accounts come with a cheque book facility.
- Minimum Balance: You'll likely need to maintain a minimum balance, which can vary.
- Eligibility: Generally, any Indian citizen aged 18 and above with valid government-recognized ID and address proof can open an account. For minors, parents or legal guardians can open the account.
How to Open an Account (General Requirements):
- Proof of Identity: Aadhaar Card, Passport, Driving license, Voter's ID card.
- Proof of Address: Same as above.
- PAN Card: Required. If not available, you may need to submit Form 16.
- Passport-size Photographs: Recent photographs will be needed.
- Initial Deposit: The amount will depend on the specific type of savings account and the bank's rules.