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 |
|
|
|
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
