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Savings Bank Account

Home / Savings Account

Plan Your Future With Us

Open a Savings Bank Account today for the purpose of a secure future. At Municipal Co-Op Bank, we provide competitive interest rates and a host of modern digital facilities to make your banking experience seamless and rewarding.

Who Can Open?

  • Individuals (Single/Joint)
  • Illiterate/Blind Persons
  • Guardians for Minors
  • MCGM Employees & Pensioners
  • Trusts, Clubs & Associations

Premium Facilities

  • RuPay ATM/Debit Card
  • Mobile Banking & UPI (IMPS/POS)
  • Passbook & Email Statements
  • NEFT / RTGS / NACH
  • PMJJBY & PMSBY Insurance

Documents Required

Submit the following documents to any of our 21 branches in Mumbai to get started:

Aadhar Card
PAN Card
Form & Photos
Passport / DL
Utility Bills

Entity KYC Requirements

Primary Documents:
  • Latest passport-size colour photograph of proprietor
  • Identity and address proof of the proprietor
  • Permanent Account Number (PAN)
Business Proof (Any two):
  • Registration certificate / Shop & Establishment License
  • GST certificate
  • Professional Tax registration / IEC Code
  • Income Tax Return (reflecting firm income)
  • Utility bills (Electricity/Water/Landline) in firm name

  • Certificate of Incorporation and Commencement of Business
  • Certified true copy of Memorandum and Articles of Association
  • Certified Board resolution for account operation
  • Company PAN card
  • KYC documents of all authorized signatories

  • Trust Deed / Bye-laws of the Society
  • Registration Certificate
  • Resolution by the Board/Committee for account operation
  • PAN card of the entity
  • KYC of authorized signatories and office bearers

  • PAN Card of HUF
  • Latest passport size photograph of Karta
  • Identity and address proof of Karta
  • Declaration form for HUF signed by Karta and all Coparceners
Important KYC Note

Originals and self-attested copies must be submitted for verification. KYC documents must be valid on the date of submission. The indicative list is subject to change as per RBI regulatory guidelines.

Other Deposits

  • Term Deposits (7.00%)
  • Recurring Deposit
  • Loan Against Deposit
  • Financial Highlights

Need Assistance?

Have questions about opening an account or documentation? Our experts are here to help!

Call 022-22717800 Locate Nearest Branch
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We value your trust and money with secure,
transparent, and modern banking solutions.

022-22717800

ho[at]mcbbank[dot]co[dot]in

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The Municipal Co-operative Bank Ltd., Mumbai is registered with DICGC. Your deposits are safe with us.

About Bank

  • History & Legacy
  • Our Vision
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Our Services

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