Fees & Charges for Grand - Senior Citizen Savings Account
Check the fees and charges for Grand - Senior Citizen Savings Account.

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Revision in General Schedule of Fees & Charges for Savings and Salary w.e.f 1st June 2022, the fees and charges are applicable as per the product variant Click here to know more.
Grand Savings Programme customers are eligible to avail non-maintenance charge waiver in their savings account if they meet the below criteria w.e.f 1st June 2023
Savings Product Balance Requirement (Grand programme customers only) |
Existing balance requirement in Savings (Rs) |
Balance criteria (one of the below) |
|
Savings AMB Requirement (Rs) |
Term Deposit Value (Rs) |
||
Nova |
5,000 |
5,000 |
25,000 |
Edge |
10,000 |
10,000 |
50,000 |
Classic |
10,000 |
10,000 |
50,000 |
Pro |
20,000 |
20,000 |
100,000 |
Ace |
50,000 |
50,000 |
250,000 |
Explore more savings account options for you and your family.
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 the daily balances in Savings Account is above Rs. 50 lakhs, it will earn 4% interest p.a. Whereas if the daily balances in Savings Accountis up to Rs. 50 lakhs, it will continue to earn 3.50% interest p.a. These interest rates are applicable for Resident Accounts only.
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