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SAVINGS

SAVINGS

Savings bank account is opened for the purpose of savings for the future. Interest is paid on the balance maintained at per the rate specified by the Reserve Bank of India from time to time

Eligibility

The Account can be opened by

  1.  Individuals

  2.  More than one person jointly

  3.  Illiterate person

  4.  Blind Person

  5.  A guardian on Behalf of Minor in minors name

  6.  Charitable/ Religious Institutions

  7.  Trust, Clubs, Association

  8.  Local Bodies, Primary Co-operative Societies or any other body

  9.  Staff Members

  10.  Salary account for MCGM Employees

  11.  Pension And Family Pension account for MCGM Employees

Minimum Balance

The customer is required to maintain a minimum balance as follows:

  •  With Cheque book: Rs. 1000/-

  •  Without Cheque book: Rs. 500/-

Interest Rate

  •  3.50% Interest per annum for general

  •  4.50% for staff

Documents Required

  •  Duly filled Account opening Form

  •  Latest 2 Photographs (Passport size)

  •  Introduction (Xerox copies of the following and Bring originals for verification)

  •  PAN – Permanent Account No. allotted by Income Tax Authority

  •  Residential proof (Any one or more of the following)

  •  Photo Identification Proof

  •  Additional documents for Charitable/ Religious Institutions, Trust, club, Associations, Cop- operative Societies & Local bodies

Facilities

  • Free Any Branch Banking facility at all the branches

  •  50nos free cheques per annum

  •  Quarterly interest for Saving Bank Accounts

  •  Standing Instruction

  •  Nomination Facility

  •  Passbook

  •  NEFT / RTGS

  •  Email statement

  •  Mobile Banking IMPS,POS,UPI

  •  RUPAY ATM card

  •  Lockers

  •  PMJJBY / PMSBY

Residential Proof

  •  Passport

  •  Electricity Bill

  •  Aadhar card

  •  Telephone/Electricity/Piped Gas/Water bill not less than 2 months old

  •  Bank statement having transactions for last 2 months

Photo ID Proof

  •  Passport

  •  Election Identity Card

  •  Office Identity Card

  •  Driving License

  •  Aadhar card

Additional documents for Charitable/ Religious Institutions, Trust, club, Associations, Cop- operative Societies & Local bodies

  •  Certified copy of the resolution

  •  List of office bearers

  •  Letter from the concerned authority to open the account

  •  Registration Certificate

  •  KYC of all Office bearers

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