- 1145, Near Mhalasa Devi Temple, Talvel 425305
- enquiry@mhalasaiurban.com
- +919689697979
Saving Account
Mhalasai Urban Nidhi Limited
Saving Account
We, at Mhalasai Urban Nidhi Limited, offer a variety of customized Savings Bank accounts which suits customers of all walks of life. Designed for flexible and frequent transactions, our Savings Bank accounts keeps your hard earned money safe and secure, all the while interest is assessed on a daily basis.
Features of Mhalasai Urban Nidhi Ltd.
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Main Features
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Saving Account
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Minimum Deposit
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100/-
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Attractive Interest Rate
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9.5%
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Nomination Facility
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Available
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SMS Facility
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Available
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Joint Account
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Yes
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- Nomination facility available
- Cash remittance at base branch is Free
- Cash withdrawal at base branch is permitted Freeupto 5 transactions in a month.
- Minimum balance of Rs. 100/- to be maintained in Savings Account
- Penalty will be levied for non-maintenance of minimum balance.
- PassBook facility is available
- Standing instructions facility is available
- Nomination facility is available
- Account can be opened in the names of individuals singly / jointly / with either or survivor options
- A guardian on behalf of a minor.
- Latest passport size photograph of the applicant would be necessary to open an account.
- Proof of residence and identity should be furnished through any of the documents such as Passport, Driving License, Identity Card issued by income tax authorities, voter’s identity card for KYC compliance during membership.
- The account will be opened on submission of the duly filled in application form along with the initial deposit amount in cash (Minimum Rs.100/-) along with suitable introduction from a person known to the bank.
- No TDS For interest earned in SB Account.
Terms & Conditions
- To open a Monthly Income Scheme, It is mandatory to become a member first. Click Here to become member
- You need to complete the KYC Norms.
- Open an account with your choice.
- Interest will be calculated on quarterly compound basis.
- Rate of Interest for Senior Citizens, Women & Ex-servicemen shall be 0.50% higher than normal prevailing interest rate on Fixed Deposit.
- Mhalasai Urban Nidhi Limited reserves the right to alter or add to these rules at any time without any notice.