Date:06/12/2005 URL: http://www.thehindubusinessline.com/2005/12/06/stories/2005120602620600.htm

Back SBT launches special savings bank account

Our Bureau

Thiruvananthapuram , Dec. 5

STATE Bank of Travancore (SBT) has launched a "no-frills" account, namely, "Special savings bank account" that aims at providing banking facilities to the masses.

The account-holders under this scheme will not be eligible for ATM cards, cheque books and Internet banking facilities, according to a statement from the bank.

There is no restriction on minimum balance for opening the account.

Individuals can open this account in their own or in joint names. Accounts in the names of minors can also be opened under the scheme.