Savings Bank Deposit

A Savings Bank account is meant to promote savings habit among people. It also helps in bringing financial discipline among the people. Mayyil SC Bank Savings Bank accounts facilitate people to access accounts at the time of financial needs. There is not only safety to these deposits as well as return in the form interest at a fixed rate, currently it is 4.00% p.a. At Mayyil SC Bank, customers always enjoy services with a personalized touch. The Mayyil SC Bankis a 100% CBS enabled bank & customers can get the benefit of 'Any Branch Banking'.

Saving Bank Account can be opened by

  • Individual – Single or Joint
  • Minors – with Guardian
  • Regd. Institutions & Trusts (Charitable)
  • Checklist

  • Customer Information File (CIF) form (for new accounts)
  • Account opening form, duly signed by the account holders
  • Introduction from existing account holder
  • Photograph of account holders
  • Photo identity such as photocopy of PAN Card, addhar, Voters ID, Driving License, etc...
  • Proof of residence in the form of photocopy of Ration Card, Electricity / Telephone bill, etc..
  • If the address in addhar, Voters ID, Driving License, etc... (ID Proofs) is same as the residence address, the separate residence address proof is not required.
  • Various Saving Bank Schemes available with us includes

  • Mayyil SC Bank Saving Bank Scheme - With Cheque Book Facility (Account can be opened with a balance of Rs. 1000/- only.)
  • Mayyil SC Bank Saving Bank Scheme - Without Cheque Book Facility (Account can be opened with a balance of Rs. 500/- only.)
  • Mayyil SC Bank Salary Saving Scheme (SSS) - Group Salary SB scheme (Account can be opened with a balance of Rs. 10/- only.)
  • Mayyil SC Bank No-frills (Zero balance) Saving Bank Scheme – Account with Zero Balance (conditions apply) without any type of service charges
  • Mayyil SC Bank Minor Saving Scheme – A Minor who attains the age of 10 (Ten) he/she can operate savings account individually for his/her small needs
  • Basic Features

  • Nomination Facility
  • Personalized Cheque-book facility
  • Standing Instruction Facility
  • RuPay Debit cum ATM Card
  • Other Services

  • ATM usage
  • 8 a.m. to 8 p.m. personalised banking
  • Fund remittance facility such as issue of Demand Draft, Pay Orders.
  • RTGS, NEFT, ECS
  • Any Branch Banking through Core Banking Solution
  • Lockers at Competitive Price
  • Our Deposit Schemes

    Fixed Deposits

    15 Days to 45 Days 6.00%
    46 Days to 90 Days 6.25%
    91 Days to 179 Days 7.00%
    180 Days to 364 Days 7.25%
    1Year & below 2 years 8.25%
    2 Years and Above 7.75%