A Savings Account is a basic bank account that allows you to safely deposit your money, make regular transactions, and earn interest on the balance.
The minimum balance depends on the type of account. Some Savings Accounts are zero-balance, while others require maintaining a minimum balance.
Any Indian citizen, including salaried individuals, self-employed persons, students, homemakers, and senior citizens, can open a Savings Account.
Generally, the following documents are required:
Aadhaar Card
PAN Card
Passport-size photograph
Address proof
Interest is calculated on the daily balance and credited to your account monthly or quarterly, as per bank policy.
Yes, you can use UPI, Net Banking, Mobile Banking, and Debit Card facilities for online transactions.
The number of withdrawals depends on the bank and the type of Savings Account. Monthly limits may apply.
Yes, an ATM cum Debit Card is usually provided with a Savings Account for cash withdrawals and digital payments.
Yes, two or more individuals can open a Joint Savings Account.
Yes, your money is safe and protected under the bank’s security systems and RBI guidelines.
Yes, you can add a nominee to your Savings Account.
You can close your Savings Account by submitting a written request at the bank branch after clearing any pending balance or charges.
The Lado Samriddhi Account is a special savings account designed to support the financial security and empowerment of women by encouraging regular savings with attractive benefits.
Women above the age of 18 years, including self-employed women, homemakers, salaried individuals, and women entrepreneurs, can open a Lado Samriddhi Account.
The minimum balance requirement is kept low and affordable to encourage women from all income groups to save regularly.
The following documents are required:
Aadhaar Card
PAN Card
Passport-size photograph
All accounts are opened as per KYC guidelines.
Yes, the account earns attractive interest on the available balance as per the bank’s savings account interest policy.
Yes, you can withdraw money as per the bank’s withdrawal rules. The account is designed to promote savings while allowing flexibility when required.
Yes, facilities such as ATM/Debit Card, UPI, Mobile Banking, and Net Banking are available with the Lado Samriddhi Account.
This account is primarily meant for individual women applicants. Joint account options may be available as per bank policy.
Yes, your money is safe and secure, governed by banking regulations and strong security systems.
Conversion may be allowed based on bank rules. Please contact your nearest branch for assistance.
You can open the account by visiting your nearest Labh Bank / BankSathi partner branch or through assisted onboarding with valid KYC documents.
A Fixed Deposit (FD) is a safe investment option where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate, earning assured returns.
Individuals, senior citizens, women, and self-employed or salaried persons can open a Fixed Deposit account, either singly or jointly.
The minimum deposit amount starts from a small and affordable value, as defined by bank policy.
FD tenures generally range from 7 days to 10 years, allowing customers to choose a period that matches their financial goals.
Interest is calculated at a fixed rate for the selected tenure and may be paid monthly, quarterly, or at maturity, as per the chosen option.
Yes, the interest rate remains fixed throughout the tenure and is not affected by market fluctuations.
Yes, senior citizens are eligible for higher interest rates as per bank guidelines.
Yes, premature withdrawal is allowed, subject to applicable penalties and bank terms.
Yes, customers can avail loan or overdraft facility against their Fixed Deposit as per bank policy.
Yes, Fixed Deposits are considered a safe and secure investment, governed by banking regulations.
You need:
Aadhaar Card
PAN Card
Existing Savings Account (if applicable)
All FDs are opened following KYC norms.
Yes, FDs can be renewed on maturity, either manually or automatically as per your instructions.
Yes, nomination facility is available to ensure smooth transfer of funds to the nominee.
You can open a Fixed Deposit by visiting your nearest branch or through BankSathi-assisted service with valid documents.
A Recurring Deposit (RD) is a savings scheme where you deposit a fixed amount every month for a chosen tenure and earn interest on it.
Individuals, women, senior citizens, salaried, self-employed persons, and joint account holders can open an RD account.
The minimum monthly deposit starts from a small affordable amount, making RD suitable for regular savers.
RD tenures generally range from 6 months to 10 years, depending on bank policy.
Interest is calculated on each monthly installment and compounded as per the applicable interest rate and tenure.
Yes, the interest rate is fixed at the time of opening and remains unchanged throughout the tenure.
Yes, but penalty charges may apply for delayed or missed installments as per bank rules.
Yes, premature closure of RD is allowed, subject to applicable penalties and conditions.
Yes, customers may avail loan or overdraft facility against the RD as per bank policy.
No, the monthly installment amount cannot be changed once the RD is opened. A new RD can be started if required.
You need:
Aadhaar Card
PAN Card
Savings Account details (if applicable)
All RD accounts are opened following KYC norms.
Yes, nomination facility is available for Recurring Deposits.
On maturity, the total deposited amount plus interest is credited to your linked savings account.
Yes, RD is a safe and disciplined saving option, ideal for planned financial goals.
You can open an RD by visiting your nearest branch or through BankSathi-assisted service with valid documents.
