How many people will you find around who doesn't have one? A Savings Bank account is one of the very basic deposit ideas before any person. It stresses and highlights the importance of having to save money for future benefits. It's not a big deal at all as any one with even basic income levels can own one. These accounts make customers set aside a portion of their liquid assets while earning a monetary return.
The Savings Bank scheme at The Arackal City Service Co-operative Bank too is one such. Any person, no matter what his/her income level is, can start one. All you need in hand is Rs. 100 and you can start saving. As opposed to many other banks, we don't trouble you with too many paperwork for the same. You get to start an account with everything that would enable stress-free banking. Interest is calculated based on the account balance on each day.