Saving Deposit Account
Saving Account :
- All our Deposit Schemes shall be offered to our Members Only.
- The Amaravathi Multi-Purpose Mutually Aided Co-Operative Society Ltd is registered under the Andhra Pradesh Mutually Aided Co-Operative Societies Act – 1995
- All our Deposit Schemes come under Regulated Deposit Schemes Under the Banning of Unregistered Deposits Act-2019.
Opening a Savings Deposit Account (SD) in The Amaravathi Multi-Purpose Mutually Aided Co-Operative Society Ltd comes with many added privileges compared to other co-operative societies and banks.
There are two Variants in Savings Deposit Account
- Saving Deposit Account – General
- Saving Deposit Account – Mahila
Interest Rates on Saving Deposit Account :
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Product
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% of Interest
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Interest Calculation
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Saving Deposit Account - General Member
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6.00%
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Interest on MAB (Monthly Average Balance) Pro-Rata Basis Calculation.
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Saving Deposit Account - Senior Citizen.
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6.50%
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Interest on MAB (Monthly Average Balance) Pro-Rata Basis Calculation.
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|
Saving Deposit Account – Mahila
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6.25%
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Interest will be credited on last working of the month.
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Features & Benefits:
- No TDS on interest for Members (as per current IT act)
- Whatsapp Banking Facility.
- Minimum Balance Required – ₹. 200
- Unlimited Transactions without any charges.
- Free SMS Facility for Transactions.
- Nomination Facility Available.
- Fund Transfer Facility through NEFT/ RTGS
- Inward NEFT Facility (up to ₹ 49,999/-)
- Passbook facility without any charge.
- Mobile Banking/Net Banking Facility Available
*Terms & Conditions apply