ക്ലിപ്തം നമ്പർ :94
Mayyanad PO ,Kollam, Kerala
mrcbmailbox@gmail.com
0474- 2555265
Current Account
Specially focused for business people and enterprises
We are perfectly provided the needs of fast growing small business, large business, this current account helps derive more benefits from a number of value-added features. The advantage with current account is that money can be deposited and withdrawn at any time without giving any kind of notice. Moreover, it is also suitable for making payments to creditors by making use of cheques. In a current account, cheques received from customers can be deposited for collection too.
- Through this account money can be deposited and withdrawn at any time without giving any kind of notice
- Making payments to creditors by making use of cheques
- Cheques received from customers can be deposited for collection too
- Minimum balance of Rs.1000 is required for account with chequebook
Documents required for account opening
- Opening Form
- Passport Size Photo
- Copy of Adhaar Card
- Copy of Pancard
- KYC Form
Savings Account
An SB account is the most common deposit account. People of all walks of life use SB account for safekeeping their money. Besides safekeeping of cash, it promotes savings habit among people. There is no time limit or any condition. Being convenient and affordable, this became so popular among common people. The Savings Bank scheme at The Mayyanad Regional Co-operative Bank too is one such. Any person, no matter what his/her income level is, can start one. All you need in hand is Rs. 100 and you can start saving. As opposed to many other banks, we don't trouble you with too many paperwork for the same. You get to start an account with everything that would enable stress-free banking. Interest is calculated based on the account balance on each day.
- Minimum amount required to open the account is Rs. 100/-
- You don't have to keep any minimum Balance with our Basic Savings Bank Account - it's a zero balance Saving Account
- Minimum balance of Rs.1000 is required for account with chequebook
Documents required for account opening
- Opening Form
- Passport Size Photo
- Copy of Adhaar Card
- Copy of Pancard
- KYC Form
Fixed Deposit
The Mayyanad Regional Co-operative Bank offers long-term and short-term fixed deposits for its customers. The customers can select what and how much to invest and get assured and solid returns on investment. The customers have the option to choose from a number of duration periods and decide on what is convenient and most suited for their requirements.
Fixed amount of money deposit for a fixed period of time
- A minimum deposit of Rs.1000 and above for a fixed period.
- On maturity principal with interest can be withdrawn or renewed.
- Interest can be withdrawn on monthly basis or quarterly basis.
- All Fixed deposits are insured for a sum of 1.5 Lakhs.
Documents required for account opening
- Opening Form
- Passport Size Photo
- Copy of Adhaar Card
- Copy of Pancard
- KYC Form
Recurring Deposit
The Mayyanad Regional Co-operative Bank's Recurring Deposit helps you build your savings through systematic deposits, every month. Earn a higher interest rate depending on the amount of instalment and the deposit period, on your Recurring Deposit.
You just need to deposit fixed amounts (multiples of Rs. 100) of money to it on a monthly basis for periods of 12, 24, 36 or 60 months
- Recurring deposit encourages regular savings habit among the people.
- Recurring deposit account holder can get a loan facility.
- The rate of interest is higher.