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Our Bureau

Mumbai , Nov. 18

DENA Bank has launched a deposit scheme named `Dena Alpa Bachat Khata', under which accounts can be opened with Rs 10.

If needed, the amount can be allowed to go below Rs 10 and can even continue with zero balance, said a press release from the bank.

The relaxed Reserve Bank of India norms relating to Know Your Customer (KYC) are applicable to the scheme so that there is no need for the depositor to undergo full KYC procedure for opening the account.

The aim of the scheme is to extend banking facilities to all, particularly to those persons who have been so far been deprived of the banking facilities, the release said.

Minors above the age of 10 years can also open minor savings account.

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