SAVINGS BANK DEPOSITS
A Savings Bank account is meant to promote savings habits among people. It also helps in bringing financial discipline among the people. Savings Bank Accounts facilitate people to access accounts at the time of financial needs. There is also a steady return in the form of interest at a fixed interest rate currently at 3% pa (W) 13/04/2020). At Mamasaheb Pawar Satyavijay Co.Op. Bank, customers always enjoy services with a personalized touch. Mamasaheb Pawar Satyavijay Co.Op. Bank is a 100% CBS malted bank & customers can get the benefit of “Any Branch Banking.”
Nature of Depositors
Saving Bank Account can be opened by:
- Individual-Single or Joint
- Minors-with Guardian
- Regal Societies & Tr
- Hindu Undivided Families (HUF)
Checklist
- Account opening form duly signed by the account holders
- Introduction from existing account holder Photograph of account holder
- Photo identity such as photocopy of Aadhar Card, PAN Card, Driving License Proof of residence in the form of photocopy of Ration Card, Electricity/Telephone bill, etc.
Basic Features
- Nomination Facility
- Personalized Cheque-Book
- Standing Instruction facility
Other Services
- Fund remittance facility such as issue of Demand Draft, Pay Orders, RTGS, NEFT
- Any Branch Banking through Core Banking Solution.
- Lockers at Competitive Price.
- Bank assurance (Life Insurance/General Insurance).
- PAN Card issue.
- Bill Centre
Minimum Balance
- Account opening minimum balance 200/- Rs Without Cheque Book
- Minimum Balance 500/-Rs with Cheque Book
- New Interest Rate
- Upto Rupay 99,999/ – 3%
- From 1 Lakh To 4.99,999/ – 3%
- Above 5 Lakh – 3%