Savings Deposit Account


Open a savings account and deposit small amounts regularly. Your savings earn an interest of 5% per annum. Watch it grow into large sums over a period of time which can come in handy in times of need. Ideal for individuals, housewives, family members, businessmen etc.


Savings Deposit Account can be opened by:

  • Individual, either or survivor, jointly with other individuals
  • No Savings Deposit Account will ordinarily be opened in the names of associations, Clubs, Societies and Non-profit making Institutions. However, only in exceptional cases taking into consideration the nature of savings, the Bank may approve opening of Saving Deposit Account in the names of Associations, Clubs, and Societies etc.
  • Business organizations and government departments will be permitted to open only staff security deposits and staff welfare accounts under savings deposit product


  • The prevailing rate of interest on Savings Deposit Account is 5% per annum, calculated on daily product basis.
  • No upper limit on account balance
  • The interest would be paid irrespective of number of withdrawals


Eligibility Documents required
For Individual
  • A Citizenship Identity Card photocopy
  • Two passport sized photographs
  • Legal stamp
For Non-National Individuals
  • Work Permit copy
  • Passport copy
  • Legal stamp
  • Two passport sized photographs
For Club/Associations/Welfare (Non-Profit Making Org. Only)
  • Application letter
  • Two passport sized photographs of each office holder
  • Minutes of meeting or Letter from Gup or Certificate copies of by-law/rule/association of club
  • Relevant documents should mention purpose and source of income
  • Legal stamp
For Trusts/Business Organizations/Govt. Depts
  • Letter from the Head of Organization
  • Minutes of meeting
  • Letter authorizing the members concerned to open and operate the account
  • Two Passport sized photographs of the members operating the account
  • Legal stamp


Savings Deposit Accounts are treated as dormant in case there is no operations i.e. debit or credit entry for 1 Year or more. Update your information (KYC) and make cash deposit in order to activate the account.


Digital passbooks are available


To enable customers to withdraw money or make payments to third parties, the Bank supplies Cheque books containing printed cheque leaves to customers except to thumb impression account holders. Cheques should be kept under lock and key and the bank should be informed in case of theft or misplacement.

Cheque Book Charges:

  • Subsequent issuance – actual cost of cheque book.
    *For new accounts, the 1st and only one cheque book will be provided free.

Bounced Cheque

As per the public notification issued by RMA the issuance of cheques with insufficient balance in the account is a criminal offence, punishable as per the Negotiable Instruments Act of the Kingdom of Bhutan 2000 and the Penal Code of Bhutan 2011. From February 1, 2017 Nu. 300 is being levied for every cheque issued with insufficient fund.


SI refers to the instruction given by customers to the Bank to undertake certain transactions weekly, fortnightly, monthly, quarterly, half-yearly or annually on their behalf. However, customers should make sure that their account has sufficient balance to carry out the instructions. No charge/additional charge will be made for noting standing instructions(SI). Our usual charges while undertaking SI, like exchange on drafts, postage etc. would however, be recovered from the account along with the amount remitted or transferred.


A depositor wishing to close his account can do so by surrendering the passbook and unused cheque leaves along with an account closing form to the Bank.
For further information, please contact our nearest branch.

  • Call us on: 1095
  • Write to us at: [email protected]
  • Request Callback:+975