- Simplified Know Your customer norms to be complied
- SB no-frill account to be opened with minimum Zero balances at all branches, subject to compliance of all other terms and conditions
- Free Debit Cum ATM card issued at all CBS branches(Annual Charges applicable from next year)
- Withdrawals through ATMs & branch withdrawals - max 2 per month.
- No third party withdrawals
- Free quarterly statement of account at Urban and Metro branches. Pass books at Rural & semi-urban branches.
- No penalty for not maintaining Min balance.
- No charges for closure of account.(ATM Debit card to be surrendered)
- Account can be converted into normal SB account by maintaining required minimum balance.
- Branch Managers are delegated to issue one cheque book free to literate account holders.