Simple Savings Account
MTS Simple Savings Nidhi Account
Key Benefits:
- Simplest deposit option available to the depositor.
- Easy to operate. Terms and conditions kept lucid to facilitate a layman's understanding. No hidden costs.
- Zero balance facility of Your Savings NIDHI Account with us remain alive even when the balance reaches zero. This facility is only for salaried employees in Central/ State Govt. Public & Private Limited Companies, Agents of Life & General Insurance Corporations and Students. Even for those receiving compensation from govt. for acquisition of their properties.
- Your deposits are insured by nidhi.
- Option for money withdrawal by withdrawal forms or by blood relatives.
- An ideal option to cultivate the habit of NIDHIing and saving amongst the younger generation.
- Provision for nomination.
Terms & Conditions:
- Money can be deposited for any quantum of time; there are no minimum or maximum deposit periods for this offering.
- Documents required:
- Passport size photograph
- Proof of residence
- An introduction as per NIDHI's norms
- IT Declaration (Form 60/61)
- Interest will pay yearly basis.
- Account open amount minimum 500.
- Maximum 4% interest wil pay.
- No minimum balance charges.