Saving Account

Savings Account

At The Akola Urban Co-Operative Bank Ltd., we offer you a simple, secure, and rewarding savings account that keeps your money growing while staying accessible whenever you need it. Enjoy attractive interest rates, free digital banking, and a host of complimentary benefits designed to make your everyday banking effortless.

Why Choose Our Savings Account?

Attractive Interest Rates

Earn competitive interest on your savings balance, helping your money grow steadily over time.

Free Digital Banking

Enjoy free Internet Banking and Mobile Banking for 24x7 access to your account anytime, anywhere.

ATM / Debit Card

Get a free ATM/Debit card for cash withdrawals and purchases at millions of merchants across India.

Free NEFT & RTGS

Transfer funds seamlessly with free NEFT and RTGS transactions via Internet and Mobile Banking.

Free Cheque Book

Receive complimentary cheque book leaves every year for convenient cheque-based transactions.

Free Insurance Coverage

Avail free personal accident insurance coverage as a complimentary benefit with your savings account.

Features & Benefits

Attractive rate of interest on daily balance
Free ATM/Debit Card for all account holders
Free Internet Banking & Mobile Banking access
Free NEFT / RTGS / IMPS fund transfers
Complimentary cheque book (limited leaves per year)
SMS & email alerts for all transactions
Free passbook for account holders
Free personal accident insurance coverage
Nomination facility available
Joint account facility available

Eligibility & Documents Required

Who Can Open?

Resident Indian individuals (sole or joint account)
Minors (jointly with a parent/guardian)
Trusts, Associations, Clubs (subject to bank norms)

Documents Required

Duly filled Account Opening Form
Passport-size photograph
PAN Card
Any one valid identity proof (Aadhaar / Passport / Voter ID / Driving License)
Any one valid address proof (Aadhaar / Utility Bill / Passport)

Minimum Balance Requirements

Category	Min. Balance
Metro / Urban Branches	Rs. 2,000 /-
Semi-Urban / Rural Branches	Rs. 1,000 /-

Savings Account Interest Rates

Applicable with effect from the date notified by the Bank from time to time.

Balance Slab	Rate of Interest (p.a.)
Balance up to Rs. 1 Crore	2.65%
Balance above Rs. 1 Crore	3.15%

Interest is calculated on daily balance and credited to the account as per bank's policy. Rates are subject to change; please contact your nearest branch for the latest rates.

Savings Account Variants

Individual Savings Account

Standard savings account for individuals with all essential banking features at your fingertips.

Open Account

Joint Savings Account

Open a joint account with family members for shared access and enhanced banking convenience.

Open Account

Minor's Savings Account

A special account for minors operated jointly by parent or guardian to build savings habits early.

Open Account

How to Open a Savings Account?

Step 1

Visit your nearest Akola Urban Bank branch or download the account opening form.

Step 2

Submit the duly filled form with required documents (ID proof, address proof, photograph).

Step 3

Deposit the minimum balance and receive your account details, debit card, and welcome kit.

For more information or to open a savings account, please visit your nearest branch or contact us.