Pensioners Savings Account

MTS Pensioners Savings Account

Key Benefits:

• Opening of account by Rs. 500/- only.
• Auto sweep out beyond threshold limit of Rs. 3000/- to short deposit of 180 days in multiple of Rs. 1000/- and in case of requirement in SB A/c auto reverse sweep in multiple of Rs. 1000/= on LIFO pattern (last in first out)
• Overdraft facility in Savings NIDHI a/c upto a maximum of 2 months pension amount (net credit to SB a/c last month), if any MTS credit facility is not being availed by the pensioner.
• NIDHI of NIDHI staff pensioners are also eligible under this scheme.
• Immediate credit of outstation cheques upto Rs. 25000/- as per NIDHI's norms.
• Free Debit Card, NIDHI Connect / Internet NIDHIing and "MTSCARD Silver" for 1st year with accidental death insurance cover of Rs. 1 lac (to be provided by MTSCARDS . Under credit card scheme).
• Free unlimited cheque book facility except to the illiterate pensioner.
• INTEREST WILL PAY 7%.