For Tier I accounts, a minimum of Rs. 500 is required to open the account. Following that, annual contributions of at least Rs. 1,000 is needed to keep the account active. Each contribution should be a minimum of Rs. 500.
For Tier II accounts, a minimum of Rs. 1,000 is needed to open the account. There is no minimum requirement for monthly or annual contributions. The minimum contribution amount is Rs. 250.