Rg. No. YML/BNK 144

Rg. No. YML/BNK 144
ISO 9001:2015 & ISO 27001:2013 CERTIFIED BANK
Madhu Sanchayani
  • Interest rate on MADHU SANCHAYANI – 3.50%

Rules:

 

    • Account opening form must be fully filled, (a) For Self, (b) Minor / Minor’s guardian Signature, (c) joint account holder can operate either by both signatures or by any one signature.
      Account will not be open for more than two names.
    • Depositors can deposit Rs.1/- or more than Rs.1/- but not above Rs.1000/- Under this scheme.
    • Pass-books will be given to the Depositors. Duplicate pass-book will be issued if original is lost, by charging Rs.20/
    • Bank’s representative will collect the deposit from the depositor.
    • Pass-books given will be updated dailv. If an mistakes happened, notifv the concerned officer.
    • Pass-books will be summoned every month in the bank for checking.
    • For this deposit scheme account will be opened for 6 months to 1 vear.
    • Depositor will get the maturity amount as per the table given above. After completion of maturity period, if the full amount was not deposited, interest will not be paid.
    • If depositors want to close the account before maturitv, deduction of Rs.20/- if amount is less than Rs.500/- and 4% if the amount is above Rs.500/-.
    • In case depositors demise the amount will be given to the nominee.
    • In case of emergenc. 80% loan will be given on the two months balanced amount and 10% interest will be charged. Amount of loan should not be less than Rs.1000/-
    • To withdraw a deposited amount or to get a loan amount the person has to be present. Same can be done by Letter of Authority, but the bank will not take an guarantee, if there is any misdemeanor happens.
    • If there is any loan amount pending towards the depositor, the Bank has full rights to recover the loan amount at the time of maturitv.
    • Bank has full rights to change above rules prior to any notice.