It benefits the bank customers & investors in shares/ Debentures/ Deposits for raising Debits & Credit Mandates.
Direct Credits:
a) Dividend income from investment in shares/ Debentures
b) Interest income from Deposits & Bonds
c) Commission & other regular incomes
d) Salary & Pension
e) Income-Tax refund orders & all other inward remittances
Direct Debits:
a) Telephone & Electricity Bills, Loan installments & Insurance premium
b) School, college & club Membership Fees
c) Credit Card dues
d) Water taxes, Property taxes & other regular payments.
Savings with “KANAKAMAHALAKSHMI BANK” are secured with good returns
