"No Frills SB ACCOUNTS", Which is available primarily to low income group people of the society, downtrodden men and women, students, senior citizens, weaker sections of the society, financially and economically backward who are mainly inhibiting in rural and semi urban centers of our country.

The main idea behind the NO FRILLS SB ACCOUNT is to reach out a sizable section of the population, who have been deterred and discouraged in availing Banking services for one reason or the other.

I.	a.	SB account can be opened and operated with minimum balance of Rs.10/-.
	b.	The nature and extent of transactions should be of encouraging saving habits nature.
	c.	These accounts are free from levying of service charges or any fees/levies.
	d.	The account can be operated through the withdrawal slip and cheque book facility is made available whereever the average balance is maintained ar Rs.500/-
	e.	The relaxed KYC norms are also applicable. The main norms are: In case a person who wants to open an account is not able to produce documents, branches may open accounts for those persons as described above, subject to a] Introduction from another account holder who has been subjected to full KYC procedure. The introducer's account with the Bank should be at least six month old and should show satisfactory transactions. OR b] any other evidence as to the identity and address of the customer to the satisfaction of the Bank. Further, the customer should be made aware that if at any point of time, the Balances in all his/her accounts with the branch [taken together] exceeds rupees fifty thousand [Rs.50,000/-] or total credit in the accounts exceeds rupees one lakh[Rs.1,00,000/-], no further transactions will be permitted until the full KYC procedure is completed. A system of verifying place of Residence or the address given should be suitably put in place without inconveniencing the depositors.
II.		In respect of No frill account the Bank will undertake collection of outstation cheque without collecting any commission, but recovering out of pocket expenses.
III.		The nature and number of transactions in such accounts could be restricted, upto 30, per half Year.
IV.		The No. Frill Sb Account can be converted as ordinary Sb account if it is requested by the customer after compiling full KYC NORMS, but existing SB account can not be converted into NO FRILL SB Account.