Saving Account

• We offer a nomination facility for all deposit accounts.
• We offer a Computerized passbook to our Account holders
• The customer can open a Savings A/c for his/her minor children.
• Customer gets 3% Interest on Savings Bank Deposit as per the RBI’s Directive.
• Customers must maintain a minimum balance of Rs 1000/- for the checkbook facility.
• We are members of the Deposit Insurance and Credit Guarantee Scheme, in which customers' deposits are insured up to Rs. 5 Lakh
• Customer can open a single/joint account and that account can be held jointly, as per instructions like Any one, Jointly, Any two Jointly, either or survivor, etc.

Open AND Maintain accounts with LALA Bank, We are committed for comfortable, trustworthy services

Rules & Regulations for Savings Bank Account

• Every Depositor must have to fulfill KYC norms as per RBI directive
• The Customer has to give all the valid proof under KYC norms at the time of opening an account as per RBI Guidelines
• Guardian can open a Minor’s Savings Account. Birth Proof of Children is required.
• The Bank has the right to freeze the account after notice if the account holder does not keep a sufficient balance to clear an inward cheque or ECS as per the guidelines given by the RBI.
• The customer must have to preserve his/her cheque book & passbook in their custody. The Bank is not responsible for any misuse of the cheque book & pass book.
• Interest on Savings deposit is calculated on daily balances as per the RBI’s directives.
• Cheque book charges will be chargeable.
• The customer without a cheque book facility will be given a withdrawal form at the time of payment. The withdrawal form will be given to the account holder only and only at the time of payment.
• The Passbook should be accompanied with the withdrawal form.
• Stop payment of particular cheque/s facility is available but the customer has to keep a sufficient balance to match the cheque amount; then only the cheque will be returned with the reason of stop payment, and stop payment charges will be levied from the account.
• The Bank has all rights of appropriation, set off, lien, and change the rules and regulations.

Saving Account Features

• Passbooks are issued and updated immediately.
• Cheque books are issued immediately
• Quick money transfer through RTGS/NEFT
• Outstation Bankers' Cheque facility
• SMS alerts
• Any branch of banking
• Nomination facility available
• Interest rate 3.0%.
• Minimum service charges.
• Launching soon, Mobile banking.
• RuPay Debit Card Facility.
• Payable “AT Par” cheque facility available.
• Minimum balance INR 300/- without a Cheque book.
• Minimum balance INR 1000/- with a Cheque book.

Requirements to Open a Current Bank Account

• Valid Photo I.D. – Any one of the proofs (Photo I.D..)

     - Passport

     - Driving License

     - Voter ID Card

     - Government Approved College/University I-Card

     - Government/Semi-government/Department I-Card

• Address Proof – Address Proof(Any One)

     - Electricity Bill (not more than 2 months old)

     - BSNL Landline Telephone Bill (not more than 2 months old)

     - Municipal Tax Bill

     - Latest LIC Premium receipt

• Passport Size Photograph Copies
• Pan Card
• Birth Certificate for a minor account
• Introduction From Existing Account Holder