Savings Account FAQs for Gift City

What are the documents required?

I. Individuals

• Account opening form
• Photocopy of passport
• Photocopy of valid visa / work permit / residence card
• Address proof (Electricity bill / Telephone bill)
• Bank account statement
• Income proof
• One Photograph
  
  

All documents are required to be self-attested. All documents should be valid and in case of bank statements/bills, they should not be more than 3 months old.

Am I entitled to a cheque book on the saving account?

A cheque book is not issued on the saving account.

What is the interest rate and how is the interest paid?

 Interest rate @2% pa will be paid on the account balance and it will be paid on monthly basis.

Do I need to maintain any balance in the saving account?

Average Monthly balance of USD 5000 needs to be maintained.

In which currencies can I open the saving account?

United States Dollar (USD)