Money can be deposited / withdraw into an account as per the wish of account holder. SB accounts are opened to encourage by Adepu Murali Nidhi Limited.
Savings Account Features & Benefits
Any member can open savings bank account singly or jointly with any other member. (Membership Fee-Rs.100/-)
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
No Minimum Balance
Initial deposit amount: Rs. 400/-
Passbook facility
Interest rate @ 4% on average daily balance method.
Automatic SMS for all transactions in the account
TDS not applicable. Aadhar/PAN Copy / Form 60/ Form 15 G / Form 15 H will be obtained
