Eligibility: Savings Bank Accounts are meant for individuals, salaried class of people, professionals, clubs, charitable, religious, educational and such other institutions which do not conduct business of commercial nature.

Who can open?

• a) An individual who is more than 18 years of age and capable of entering into a contract can open an account.
• b) SB account of minor of any age can be opened through his/her natural or legally appointed guardian.
• c) Minors above the age of 10 years may be allowed to open and operate savings bank accounts independently, if they so desire.
• d) Power of Attorney Holder, Joint depositors, HUF, Illiterates, Blind, Pensioners.
• e) Lunatics represented by guardian appointed by Court of law.
• f) Legal Entities, Statutory Bodies, Government Departments those authorized under Statutory Powers.

Interest will be credited to the SB account on quarterly intervals at the end of June, Sept, Dec & March every year calculated on daily product basis.

ATM Card, SMS facility, Mobile App, e-passbook & e-commerce facilities are available to all eligible customers.

• a) Minimum balance of Rs 20000/- shall be maintained in the SB account.
• b) Balance available in SB account over and above Rs 20000/- on any day will be automatically swept - out in to a fixed deposit of one year term in units of Rs 1000/-.
• c) In the event of shortfall in the relative SB account due to drawal of funds, then the fixed deposit will be automatically swept-back into the SB account in required number of units on the basis of 'Last in First Out' ( LIFO) .
• d) No penalty will be levied for premature closure of FD account for bringing the balance in SB account to minimum level.
• e) The fixed deposit swept back into SB account, if it has remained in FD for more than 15 days it earns interest as per the prevailing rates.
• f) Even while breaking the Fixed Deposit, only the most recently converted fixed deposit will be broken first to minimize the interest loss to the customer.
• g) When the Fixed Deposit matures at the end of one year, the system will renew the principal for next one-year term simultaneously crediting the interest to the Savings account.
• h) Service charges of Rs 100/- per month will be levied whenever the monthly average balance in Special Premium SB account goes below Rs 20000/-.

• a) Minimum balance of Rs 10000/- shall be maintained in the SB account.
• b) Balance available in SB account over and above Rs 10000/- on any day will be automatically swept - out in to a fixed deposit of 180 days term in units of Rs 1000/-each.
• c) In the event of shortfall in the relative SB account due to drawal of fund, then the fixed deposit will be swept back into the SB account in required number of units on the basis of 'Last in First Out'.
• d) No penalty will be levied for premature closure of FD account for bringing the balance in SB account to minimum level.
• e) The Deposit swept back into SB, if it has remained in FD for more that 15 days it earns interest as per the prevailing rates.
• f) Even while breaking the Fixed Deposit, only the most recently converted fixed deposit will be broken first to minimize the interest loss to the customer.
• g) When the Fixed Deposit matures at the end of 180 days, it will automatically renew the principal for next 180 days term simultaneously crediting the interest to the Savings Bank account of the customer.
• f) Service charges of Rs 100/- per month will be levied whenever the monthly average balance in the Premium SB account goes below Rs 10000/- .

Purpose	To cater to needs of premier segment of customers who maintain monthly average balance of Rs.2 lacs and above.
Eligibility	Traders, Trust, Businessman, HUF, Proprietorship / Partnership firm, Private / Public Limited Companies, Clubs, Associations, Societies, Banks & Institutions.
Required Minimum Average Balance	Monthly Average balance of Rs.2,00,000/-
For Non - maintenance of Min Balance	Rs.200/- per month for Non-maintenance of minimum balance.
	If the Balance required is not maintained for more than three months the concessions will be withdrawn.
Account closing charges	Rs.1000/- penalty+ service charges
Debit card/Platinum Card	Rupay Debit cards/ Rupay Platinum Debit card will be issued.
ATM cash withdrawal per Day Rupay Debit card/ platinum card	Rs. 25,000/Rs.50,000 per day in our Bank ATMs for Rupay debit card/Rupay platinum card. In other Bank ATMs limit as permissible for other Banks’ card holders.
Name Printed /Non Printed cheque	Free up to 300 Cheque leaves per annum
QR Code with standy and Sound Box	QR code with standy and sound box will be issued.
NEFT/RTGS/Net banking/Mobile Banking/Whats app Banking/Merchant App/UPI/SMS	Waiver of charges
Mobile Banking/Internet Banking limit	https://www.kvgbank.com/mobile-banking, https://www.kvgbank.com/internet-banking
Demand Draft Facility	Waiver of DD commission for maximum 12 occasions (1 per month) in a Financial Year.
Portability	Portability is available from existing Current Account to VIKAS PRIME and vice-versa.
Cash Handling Charges- Deposit	i. Free up to Rs. 5 lakh per day for home Branch ii. Free up to Rs.3 lakh per day for non-home Branch. iii. For denominations of Rs. 100/- and above only. iv. Maximum remittance not to exceed Rs. 50 lacs per month. v.For remittance above per day limit of Rs. 5 lacs or Monthly limit of Rs. 50 lacs, Rs.1 per thousand to be collected for remittance in excess of the daily/Monthly limit, with minimum of Rs.100+GST and maximum of Rs.2500+GST.
Cash withdrawal charges at Non home Branches	Maximum withdrawal Rs.50,000/- only by cheques subject to production of pass book.