Resident individuals who are farmers, either operating accounts individually or jointly, qualify for opening a Savings Farmers Account.
The minimum balance requirement for this account is ₹2,500, to be maintained on a half-yearly basis.
The criteria for eligibility for a Savings Farmers Account specify that it is open to resident individuals involved in farming activities, whether managing their accounts alone or jointly. Additionally, the account requires a minimum balance of ₹2,500, which must be maintained semi-annually.
The eligibility for Savings Farmers Account stipulates that it is available to resident individuals who are engaged in farming activities, whether they operate their accounts independently or in joint capacities. Moreover, the account mandates a minimum balance of ₹2,500, which must be upheld on a semi-annual basis.