Saving Account

Savings Bank Deposits

A Savings Bank Account is designed to promote the habit of saving while ensuring easy access to funds during financial needs. Mullakkodi Co-Operative Rural Bank Ltd (MCRB) provides safe custody of deposits along with assured returns in the form of interest.

MCRB is a Core Banking enabled bank. Customers enjoy the benefits of Any Branch Banking and ATM facilities for convenient and modern banking services.

Who Can Open a Savings Account

An individual in his / her own name
More than one person jointly
Illiterate persons
Blind / visually impaired / incapacitated persons
Students and minors
Registered clubs and associations
Local bodies and Co-operative Housing Societies

Key Features

Interest calculated on daily product basis
Interest credited at financial year ending
Passbook with complete transaction details
Any Branch Banking facility
ATM access for easy withdrawals
Safe and secure deposit handling

Interest on Savings Deposits

Interest on Savings Bank Deposits is calculated on daily product basis and credited to the account at the end of the financial year, as per bank rules and RBI guidelines.

Documents Required

Two copies of recent passport size photographs
Proof of residence (Passport, Driving License, Voter ID, Ration Card, Electricity Bill, etc.)
Photo identity proof – PAN Card / Aadhaar Card
Introduction by existing members or account holders of the Bank

Application Form

Download Savings Account Application Form

Need more details about this scheme? Ask a Question

Saving Account

Saving Account

Savings Bank Deposits

Who Can Open a Savings Account

Key Features

Interest on Savings Deposits

Documents Required

Application Form

Deposit Schemes

Loan Schemes

Banking Facilities

Rates & Charges

Get our App

Useful Links

Follow us on