Savings Bank Account Details
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
- Individuals
- Illiterate person
- Blind Person
- Minor-operated by gurdian/matural/appointed by court
- Charitable/ Religious Institutions
- Trust, Clubs, Association
- Local Bodies, Primary Co-operative Societies or any other body
- Staff Members
- Salary account for MCGM Employees
- Pension And Family Pension account for MCGM Employees
Facilities
- Free Any Branch Banking facility at all the branches
- 50 nos free cheques per annum for Current Account
- Quarterly interest for Saving Bank Accounts
- Standing Instruction
- Nomination Facility
- Passbook
- NEFT / RTGS
- NACH
- Email statement
- Mobile Banking IMPS,POS,UPI
- RUPAY ATM card
- Lockers
- PMJJBY / PMSBY
Interest Rate & Minimum Balance
3.00% Interest per annum for general & 4.00% for staff.
Customer is not required to maintain minimum balance in the account.
Documents Required
Duly filled Account opening Form
Latest 2 Photographs (Passport size)
PAN Card- Permanent Account No. allotted by Income Tax Authority
Officially Valid Documents(OVD) (Any one of the following)
Additional docs for Charitable/ Religious Institutions, Trust, club, Associations, Cop- operative Societies & Local bodies
Residential Proof (Any one)
- Passport
- Election Identity Card
- Driving License
- Aadhar card
- NREGA Job Card
Additional documents for Charitable/Religious Inst., Trust, Club, Associations, Co-op Societies & Local bodies
- Certified copy of resolution
- List of office bearers
- Letter from the concerned authority to open the account
- Registration Certificate
- KYC of all Office bearers
- Pan Card
Current Account: KYC Documents
Originals & Self-attested copies to be submitted for verification. Customer is not required to maintain minimum balance in the account.
Document of proprietor:
- Latest passport-size colour photograph of proprietor.
- Identity and address proof of the proprietor.
- Permanent Account Number (PAN)
Any two documents in the name of firm with address of the firm and name of proprietor:
- Registration certificate
- Certificate/License issued by the Municipal Authorities under Shop & Establishment Act
- GST certificate
- Certificate/Registration document issued by Professional Tax authorities
- IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT
- Complete income tax return in name of the proprietor wherein the income of the firm is reflected.
- License issued by the Registering authority like Certificate of Practice issued by ICAI, ICWAI, ICSI, IMC, Food and Drug Control Authorities, etc.
- Udyog Adhaar
- Utility bills such as electricity, water and landline telephone bills
- Certificate of Incorporation and Commencement of Business
- Certified true copy of Memorandum and Articles of Association
- Certified Board resolution authorising the opening and operation of the account
- PAN card
- Documents of the authorized signatories as required for Individuals
- Partnership Deed and Registration Certificate
- PAN card
- Documents of the partners and authorized signatories as required for Individuals
- Trust deed
- Registration certificate
- PAN card
- Copy of the resolution by the trustees authorizing the members concerned to open and operate the account
- Documents of the authorized signatories as required for Individuals
- Certificate of Registration
- Bye-laws
- Copy of the resolution by the Board /Committee authorizing the members concerned to open and operate the account
- Documents of the authorized signatories as required for Individuals
- PAN card
- Bye-laws of the association or club
- Certificate of Registration
- Copy of the resolution by the Board /Committee authorizing the members concerned to open and operate the account
- Documents of the authorized signatories as required for Individuals
- Pan Card of HUF
- One latest passport size photograph of Karta
- Pan card or Form 60 of Karta accompanied with acknowledgement of application for pan card
- Declaration form for HUF duly filled in and signed by Karta with stamp of HUF and Coparceners
Important KYC Note
Any other identity, address, entity, document can be accepted subject to the bank's satisfaction.
KYC documents should be valid on the date of submission.
The above are the Indicative list of KYC documents and are subject to change as per regulatory guidelines and internal KYC Circulars of Bank.
For more information, please visit our nearest Bank branch.