Malappuram Service Co-operative Bank Ltd has an array of products and services for your every dream, want and need. We always make sure that all our deposit schemes are competitive and earn you great return on your investments. Apart from major deposits such as savings account, current account, Fixed Deposit, Daily Deposit and Recurring Deposit; we also offer attractive interest rates which multiply your investments in a short tenure. So when are you investing in Malappuram Service Co-operative Bank?
Current Account is mainly for businessmen, firms, companies, and public enterprises etc., which do numerous daily banking transactions. All though it can be opened by individual also. In a Current Account the account holder can deposit or withdraw money as many times, limiting to the availability of amount in his account. It is zero-interest based deposit, which means the amount in the Current Account will not get any interest. It is meant only for the convenience of money transactions.
Fill up the Account Opening Form and submit to the Branch along with the KYC Form Documents required for KYC:
Submit a written request along with Pass Book, Unused cheque leaves and ATM card
An SB account is the most common deposit account. People of all walks of life use SB account for safekeeping their money. Besides safekeeping of cash, it promotes savings habit among people. An SB account holder can operate the account, make transactions like put in cash or withdraw whenever he or she likes. There is no time limit or any condition. Being convenient and affordable, this became so popular among common people.
We have an exclusive range of Savings accounts with features to make banking a pleasure for you. Whatever be your profile, we have the right kind of account that suits your financial requirements and lets you enjoy the benefits of easy banking and greater transaction power. Open an account with us and enjoy banking!
(Senior Citizens have something even more to be happy about. They are entitled to get 0.50% extra interest on deposits.)
Fill up the Account Opening Form and submit to the Branch along with the KYC Form Documents required for KYC:
Submit a written request along with Pass Book, Unused cheque leaves and ATM card
Savings has been an essential part of all the earnings, we at Malappuram Service Co-operative Bank, help you earn more on your savings by offering various schemes which come with suitable tenures and attractive interest rates. Fixed Deposit offers you something more than a normal savings bank account does. It is a fixed amount of money that you deposit for a fixed period of time, until maturity that offers a higher rate of interest. Fixed Deposits are generally very safe investments and are used to denote a larger class of investments with varying levels of liquidity. Usually it cannot be withdrawn before the date of maturity and this ensures that the money is fully safe and would achieve its full range of potential by the date of maturity. The customers have the option to choose from a number of duration periods and decide on what is convenient and most suited for their requirements. You have the facility to close the account at any time with 1% reduced ROI.
Present ROI w.e.f : 01-04-2018
| Duration | Interest Rate (w.e.f 20-02-23) |
|---|---|
| 15 Days to 45 Days | 6.00% |
| 46 Days to 90 Days | 6.50% |
| 91 Days to 179 Days | 7.00% |
| 180 Days to 364 Days | 7.25% |
| 12 Months to 2 Year | 8.25% |
| Above 2 Year | 8.00% |
Senior Citizens have something even more to be happy about. They are entitled to get 0.50% extra interest on deposits.
Fill up the Account Opening Form and submit to the Branch along with the KYC Form Documents required for KYC:
Recurring deposits are term deposit scheme in which a customer is required to deposit a pre determined amount monthly on a regular basis for a fixed period opted by him while opening the account. A sizable lump sum amount is paid to the customer along with interest on maturity.
Just like little drops make an ocean, see your small investments every month turn into a huge amount at maturity by investing in our Recurring Deposit scheme.
Fill up the Account Opening Form and submit to the Branch along with the KYC Form Documents required for KYC:
Normal interest 8 %
Senior Citizens have something even more to be happy about. They are entitled to get 0.50% extra interest on deposits.
Daily Deposits is a deposit scheme wherein the customers can keep adding to their bank balance small or big amounts of their choice. The biggest advantage with Daily Deposit Scheme is that the customers needn’t even come to any of our bank branches to deposit the money. This scheme is particularly beneficial for people who work on a daily wage basis and also among small income groups. They can hand it over to our collection agents who would go to them and collect the amount, so that they can devote themselves fully to work. These agents will have palmtech machines with them and will regulate the transaction deals of these customers through it
Fill up the Account Opening Form and submit to the Branch along with the KYC Form Documents required for KYC:
