Savings accounts are generally for money that you don't intend to use for daily expenses. Meghalaya Rural Bank savings accounts is a more financially advantageous solution to keep unneeded funds. In addition, savings accounts offer liquidity and make it very easy to access your funds.

 

Type of Deposit

Minimum Balance (in Rs)

Mode of Operation

Additional Information

Rural

Urban

Savings Bank with Cheque Facility

Rs.500.00

Rs.1,000.00

Single/Jointly

 

Savings Bank without Cheque Facility

Rs.200.00

Rs.500.00

Single/Jointly

 

Savings Bank No-Frill Account (BSBD)

Rs.0.00

Rs.0.00

 

  • Should be funded within 3 months
  • KYC norms to be fulfilled within 12 months.
  • Transaction restriction in amount and number.

Savings Bank  PMJDY Account

Rs.0.00

Rs.0.00

 

Should be seeded with AADHAAR to avoid duplication of DBT

Savings Bank Megh. Junior

Rs.100.00

Rs.100.00

 

Student of age above 10 years and below 18 years.

The Interest on Savings account deposits is 3.5% 

Facilities provided to access the funds through

  • Cheque
  • ATM Card
  • NEFT / RTGS
  • Mobile Banking
  • UPI / BHIM