Creating a Savings Account

Use this procedure to create a new savings account from an existing savings account.

To create a savings account, you must select the account from which you are transferring the funds, the amount, and the terms of the deposit. You must confirm the fixed deposit using your transaction password.

You can view the interest rates at the bottom of the screen before creating the fixed deposit.

Once you create a savings account, it will be approved by the bank and subsequently available in the Internet Banking application.

 

To create a savings account

For field descriptions, see Savings Account

1.    On the Create an Account menu, click Savings Account.

2.    Create the Savings account:

a.    On Savings Account page, select the account from which you are transferring the funds for the new account.

a.    Specify the product details and the transfer amount.
The interest rates applicable for your selection appear in the Savings Accounts Rates table.

b.    Click Submit.

3.    On the Fund Transfer Confirmation page, review the transaction and click Yes to proceed.
Once you confirm the transaction, the transaction summary page appears.

4.    Optional: Click the Download    button to save the page as a PDF.