Saving Account

The Tripura State Co-operative Bank Ltd (TSCB) offers savings accounts aimed at promoting the habit of saving among individuals. These accounts provide a secure place to deposit funds and earn interest on the balance.

Key Features:

• Interest Rate: The interest rate on savings deposits is currently 2.90% per annum (as of November 2022).
• Minimum Balance: While specific minimum balance requirements can vary, generally, cooperative bank has nominal requirements for opening and maintaining a savings account.
• Account Opening: Savings accounts can be opened by individuals (singly or jointly), minors (operated by a natural guardian), clubs, societies, and associations.
• Passbook: Customers are provided with a passbook to keep track of their transactions.
• Cheque Book Facility:  Available.
• CTS cheque facility also availabe.
• ATM/Debit Card: RuPay ATM cards is issued to account holders on requirement.
• Rupay Platinum Debit Card is also available for privileged customers.
• Mobile Banking: Facility for mobile banking is available.
• NEFT/RTGS/IMPS/UPI: Fund transfer facilities via NEFT, RTGS, IMPS, and UPI Available.
• SMS Alerts: Bank provides SMS alert for transactions for both credit and debit.

A savings account is a fundamental type of bank account that allows you to deposit and withdraw money while earning interest on your balance. It's designed for safely storing funds and providing easy access to them when needed.

Benefits of having a savings account:

• Safety: Banks provide a secure place to keep your money, insured up to a certain limit by deposit insurance schemes.
• Liquidity: You can typically withdraw funds from your savings account relatively easily.
• Interest Earning: Your money grows over time as you earn interest on the deposited amount.
• Financial Discipline: Encourages saving regularly and managing finances responsibly.
• Access to other services: Having a savings account often makes it easier to access other banking products like loans or credit cards.

Factors to consider when choosing a savings account:

• Interest Rate: TSCB offers lucrative interest rates on all products.
• Accessibility: The convenience of branch locations, ATMs, and online/mobile banking facilities.

This facility is available to customers to deposit and withdraw money as per their Convenience. The facility is extended with or without cheque book as per the needs of the customer. Prompt and courteous service awaits our customers atour Branches.