No Frills Savings Account

“No Frills” S/B Account may be opened with minimum initial deposit of Rs.10/- and the balance in the Account should not fall below Rs.5.00. Such accounts are allowed to be opened by Farmers, Agriculture Labourers, Daily Wage Earners, Factory Workers and Labourers, Manual Labourers and Helpers, Cart/Taxi/Bus/Vehicle Drivers and Conductors, NGOs and any Other Person belonging to Low Income Group.

Key Features:

• Zero Minimum Balance: No requirement to maintain a minimum balance.
• Simple Account Opening: Hassle-free documentation and easy KYC norms.
• Free Passbook Facility: Track your transactions with a regularly updated passbook.
• Deposit & Withdrawal Facility: Access your funds conveniently at any branch.
• ATM/Debit Card Facility: (If applicable, subject to bank policy).
• Interest on Savings: Earn interest on your account balance as per prevailing rates.
• Nomination Facility: Available at the time of account opening or any time later.

Eligibility:

• Individuals from economically weaker sections.
• Persons with valid KYC documents.
• First-time account holders looking for basic banking services.

Benefits:

• Ideal for rural and low-income individuals.
• Encourages savings and financial literacy.
• Gateway to access other financial services.

Open your No Frills Savings Account today at The Meghalaya Co-Operative Apex Bank Ltd and take the first step towards financial empowerment!

For more information, visit your nearest branch or contact our customer service.