Terms and Condition for Grand Savings Account
Know more about the terms & conditions of Grand - Senior Citizen Savings Account
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Yes, a senior citizen can open Grand - Savings Account which is only applicable for Indian residents of age 55 years and above.
You can apply online for the senior citizens savings account or visit our nearest branch with all mandatory documents as listed below.
1) Identity Proof - Driving License, Passport, Voter's ID, Aadhaar Card*
2) Addres Proof - Passport, Driving License, Voter's ID, Aadhaar Card*, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)
3) Signature Proof - PAN Card, Driving License, Passport
4) Latest Passport Size Photographs
5) Please carry the original documents for verification and self-attested copies for submission.
6) PAN Card / Form 60 will still be a mandatory document for opening a Savings Account.
If you are looking for a pensioners savings account, then Grand - Savings Programme is the best type of savings account for the pensioners.
To open a senior citizens savings account, following are the mandatory senior citizens savings account documents as listed below.
1) Identity Proof - Driving License, Passport, Voter's ID, Aadhaar Card*
2) Addres Proof - Passport, Driving License, Voter's ID, Aadhaar Card*, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)
3) Signature Proof - PAN Card, Driving License, Passport
4) Latest Passport Size Photographs
5) Please carry the original documents for verification and self-attested copies for submission.
6) PAN Card / Form 60 will still be a mandatory document for opening a Savings Account.
For a senior citizen bank account if daily balances in Savings Account is up to Rs. 5 lakhs, it will earn 3% interest p.a. Whereas if the daily balances in Savings Account is above Rs. 5 lakhs & up to Rs. 50 lakhs; and above Rs. 50 lakhs, it will continue to earn 3.50% and 4% interest p.a. respectively. These interest rates are applicable for Resident Accounts only