Money can be deposited / withdraw into an account as per the wish of account holder. SB accounts are opened to encourage by PALNADU MUTUALLY AIDED CO-OPERATIVE CREDIT SOCIETY LIMITED
Savings Account Features & Benefits
Any member can open savings bank account singly or jointly with any other member. (Membership Fee-Rs.50/-)
In case of joint account the account can be operated by jointly/ Either or Survivor/Former or Survivor/Later or Survivor/Any one or survivor
Minimum Balance Rs.250/-
Initial deposit amount: Rs. 250/-
Passbook facility/account statement
Interest rate @ 4% on average daily balance method.
Automatic SMS for all transactions in the account
Nomination facility
TDS not applicable. Aadhar/PAN Copy / Form 60/ Form 15 G / Form 15 H will be obtained
