State Bank of Travancore Savings Account

State Bank of Travancore Savings Account

Type of Savings Account	Minimum Balance Requirement
Savings Plus Savings Account	Rs. 5, 000
Pratibha Savings Deposit Scheme	Rs. 250
Basic Savings Bank Deposit	N.A.
Basic Savings Bank Deposit Small Savings	N.A.

State Bank of Travancore Savings Account

State Bank of Travancore or Travancore bank is an SBI partner financial institution which caters numerous banking needs of the human beings. With impact from April 1, 2017, kingdom financial institution of India merged all 5 of its associate financial institution which includes nation bank of Travancore into itself. Following are the special styles of financial savings account which country bank of Travancore used to offer before its merger into SBI.

The State Bank of Travancore, called the Travancore bank changed into mounted inside the 12 months in1945 in the erstwhile Princely state of Travancore, to cater to the banking wishes of the citizens. The financial institution became later made a member of the state financial institution banking institution and now features as an arm of the organization. The bank’s head office is positioned in Thiruvananthapuram, inside the nation of Kerala.

Features and Benefits of State Bank of Travancore Savings Account

• Safety and protection whilst you store your coins in a financial savings account
  extraordinary financial savings account for distinctive needs.
• Get entry to your account without any trouble via internet Banking / SMS bank / cellphone Banking.
• Perfect for all people, no matter class and gender.
• Cheques, Crafts, interest Warrants, Dividend warrants etc., in Indian rupees and foreign currencies inside the personal names of the depositors may be amassed and credited to these accounts.
• Liberal withdrawal centers.
• No profits Tax deduction at supply on hobby.
• Standing commands for remittances of coverage top class, rent and comparable bills performed.
• Minors above 10 years can open and operate the account.
• Nomination facility is to be had.

State Bank of Travancore Savings Account Products

Basic savings Bank Deposit Account

• unfastened ATM Card.
• internet banking no longer accredited
• Passbook issued
• Simplified KYC norms
• Availability in all branches
• No limits on the quantity of deposits made in a month.
• No fees for non-operation/ activation of inoperative money.

Savings Plus

• Savings bank account opened singly or mutually with either or survivor facility.
• Minimum stability requirement of Rs 5000
  excess over the brink restrict of Rs 5000, in multiples of Rs a thousand with not less than Rs 10000 will robotically be converted into a special term Deposit via default for a minimum period of one year or time period above 12 months if prescribed through the depositor.
• The account holder can draw the deposits easily for any debit transactions which include coins withdrawals by way of cheques/withdrawal bureaucracy, transfers through debit vouchers, ATM withdrawals, internet Banking transactions, status commands.

Prathibha savings Deposit Scheme

Eligibility:

• women elderly 18 years and above
• No restriction on most stability
• One cheque e-book free in step with 12 months.
• free ATM Card.
• Annual maintenance rate applicable.
  net Banking with transaction facility

Little superstar savings Deposit Account

• savings bank deposit for kids of the ages 1-18 years.
• initial deposit: Rs. 250 simplest.
• Cheque e book may be issued, provided the minor account is not overdrawn and always stays in credit. but, cheque book to be issued handiest to those kids of the age of 10 years and above.
• ATM cum Debit automobile could be issued to youngsters of age 10 years and above, free of value.
• Annual upkeep charges observe
  replica card can be issued, costs observe
  net banking facility will be provided to youngsters of 15 years and above with proper to view best. Transaction rights will be supplied while the kid attains majority.

State Bank of Travancore Savings Account Charges

One of a kind country Bank of Travancore financial savings account have a distinctive time table of expenses. it’s far first-class to contact country financial institution of Travancore directly for the maximum updated prices.

State Bank of Travancore Savings Account opening process

• Fill up the Account opening form and put up the desired details on-line.
• Print the Account beginning form and fasten the specified KYC files, together with pictures and evidence of identity and cope with, as cited inside the shape., and submit them on the nearest branch.
• A brief purchaser Reference range could be generated, that you want to keep reachable for referencing.
• Go to the branch along side the documents to have your account opened.

Documents Required for Savings account in State Bank of Travancore

Proof of address documents:

The following documents can be submitted to fulfil the proof of address requirement for account opening-

• Credit Card statement
• Passport
• Aadhaar card
• Profits slip
• Software bill such as phone invoice, electricity bill.
• Bank account assertion
  earnings tax statement
  proof of identity files

The following files with a valid image id may be submitted to fulfil the proof of identification requirement for account starting:

• Everlasting Account quantity (PAN) card
• Voter’s identity card
• Passport
• Motive force’s license
• Government issued identification or
• Defence identity card
• NREGA card
• Id card issued through a reputed corporation.

FAQs

What is the first-rate interest rate on a state bank of Travancore saving account?

The interest prices can cross up to as high as four%. For the cutting-edge hobby costs, it is first-rate to contact the closest kingdom bank of Travancore branch.

Who’s eligible to open a basic financial savings Account with country financial institution of Travancore?

All resident individuals, singly or collectively, minors together with determine or felony parent, are eligible to open an account.

Is it feasible to open a kingdom financial institution of Travancore financial savings account on-line?

No.You need to go to your nearest branch to have your account opened.