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Grand Savings Account Eligibility
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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.
| Sr. No. | Name of the Document (valid) | Identity Proof | Address Proof |
|---|---|---|---|
| 1 | Passport | Yes | Yes |
| 2 | Driving Licence | Yes | Yes |
| 3 | Aadhaar (Post e-KYC authentication by Bank) | Yes | Yes |
| 4 | Voter Id | Yes | Yes |
| 5 | Job Card issued by NREGA | Yes | Yes |
| 6 | Letter issued by National Population Register | Yes | Yes |
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.
| Sr. No. | Name of the Document | Identity Proof | Address Proof |
|---|---|---|---|
| 1 | Passport | Yes | Yes |
| 2 | Driving Licence | Yes | Yes |
| 3 | Aadhaar (Post e-KYC authentication by Bank) | Yes | Yes |
| 4 | Voter Id | Yes | Yes |
| 5 | Job Card issued by NREGA | Yes | Yes |
| 6 | Letter issued by National Population Register | Yes | Yes |
Effective April 25,2025, daily balances in Savings Account up to Rs. 50 Lakh will earn 2.75% interest p.a. and above Rs. 50 Lakh will earn 3.25% p.a. respectively. These interest rates are applicable for both Resident and Non Resident Accounts (NRE/ NRO)
