Saptagiri Grameena Bank Savings Account

1. Savings accounts at Saptagiri Grameena Bank have good interest rates 
2. The Saptagiri Grameena Bank savings account may be transferred to any other branch without altering the account number. 
3. Recurrence of Interest: quarterly on a daily product basis in April, July, October, and January. 
4. There is a  safe deposit box facility available.  
5. Collection of out-of-town checks with the required fees 

1. Any bank ATM and anywhere in India accepts RuPay debit cards. 
2. For the first year, RuPay ATM cards with an EMV chip are provided at no cost. 
3. No fees for Cash deposits at non-home branches 
4. 5 free transactions at ATMs 
5. A passbook is available for free 

Types of savings account with Saptagiri Grameena Bank 

• Savings Bank Account (SB) 

• Basic Savings Bank Account (BSBD): The Basic Savings Bank Account (BSBD) does not need any minimum balance.  

Saptagiri Grameena Bank Savings Account Eligibility 

The following are the eligibility criteria to open a savings account with Saptagiri Grameena Bank:  

1. One must be an Indian national. 
2. The applicant must be at least 18 years old to be eligible. 
3. When a person is a minor, their parents or legal guardians can open an account on their behalf. 
4. The applicant must possess legitimate government-approved and recognised proof of identity and address. 
5. Individuals, Clubs and Organizations, Trusts, Governing Bodies, Societies (Including Co-operatives) (Including Co-operatives), Educational establishments and various other non-commercial entities are eligible to open a savings bank account.  

Minimum Maintenance Balance for Saptagiri Grameena Bank 

In order for an account to function, the account holder must keep the minimum balance that each bank requires. The following are Saptagiri Grameena Bank's minimum maintenance balances: 

1. Minimum balance for non-cheque operations is Rs.500. 
2. For cheque operations, the minimum balance is Rs.1000. 

Saptagiri Grameen Bank savings bank interest rate  

The savings bank interest rate with Saptagiri Grameen Bank is 3.5%. In accordance with market trends, the interest rates were adjusted with effect from 1 November 2022. 

How to Open a Saving Account in Saptagiri Grameena Bank offline? 

The steps listed below must be followed in order to open a savings account with Saptagiri Grameena Bank: 

Step 1: Pay a visit to the Saptagiri Grameena Bank branch in person. You must go to the branch of the bank where you want to open an account. Most people prefer the branch nearest to them.  

 Step 2: Complete the Account Opening Form for a Savings Account (AOF). Request the bank executive for a Savings Bank Account Opening Form and complete all the sections with the required information about the customer, including name, address, phone number, email address, nominee name, PAN, and type of savings account you want to open.  

 Step 3: After filling out the account opening form, you must attach the PAN, proof of address, and proof of identity documents required by KYC. 

Step 4: The banker will examine the attached documents and the Account Opening Form (AOF). He will move forward if he/she is satisfied with these requirements. 

 Step 5: As per the requirements of your savings account, deposit the minimum balance amount.  You will be given an account number after the banker has verified your Account Opening Form (AOF) and other supporting documents. Next, you must deposit the minimum required balance for the type of savings bank account you have chosen. 

 Step 6: After your account has been successfully opened, the banker will give you your chequebook, passbook, debit card, and other documents. At that point, you can start using your account to make purchases. 

How to Check the Balance of a Saptagiri Grameena Bank Savings Account? 

1. Missed Call Number: The customer can call 9540011233 and leave a missed call to find out their account balance. The call will automatically end after two rings, and you will receive an SMS with your bank account balance. You will receive an SMS in Telugu, which is the local language. 
2. SMS: You can send an SMS to 08572233598 with the text BAL <Account Number> on 08572233598. Wait a few minutes after sending the SMS before checking your mobile device because an SMS with account details will be sent.  
3. ATM: Account holders with ATM cards can also use ATM machines to check their account balance. To check your account's bank balance, use any ATM machine. To check your bank account balance using your ATM card, you need to put the ATM card in the slot on the ATM machine. Enter the ATM PIN when the machine prompts for it. Choose the Balance inquiry option for checking your savings account balance.  
4. Passbook: You can check your savings account balance by updating your passbook.  You must visit the bank branch personally for updating your passbook. A bank executive will update it. If there is a passbook updating machine, you may also use it to update your passbook.