Savings Account
Opening a Savings Account with Kanakamahalakshmi co operative Bank Ltd:
Eligibility:
- You must be an Indian citizen.
- You must be 18 years or older. (For minors, a parent or legal guardian can open an account on their behalf.)
- A minor who has attained the age of 10 years can open SB account to be operated upon by himself
Required Documents:
- Proof of identity (Aadhaar card, PAN card, passport, etc.)
- Proof of address (Aadhaar card, passport, voter ID card, utility bill, etc.)
- Passport-sized photographs
Steps to Open an Account :
- Visit a Branch: Locate the nearest branch of Kanakamahalakshmi Co-operative Bank.
- Fill Out the Application Form: Obtain an account opening form from the bank and fill it out completely and accurately
- Submit Documents: Submit the required documents along with the completed application form.
- Initial Deposit: Make an initial deposit to open the account. The minimum deposit amount may vary.
- Account Activation: The bank will verify your documents and activate your account. You will receive your account number and other details.
Additional Information:
- Interest Rates: Interest on savings account is calculated on daily product basis and credited on Quarterly basis @ 4%, if it is above 1lakh intrest will be 5%.
- Minimum Balance: You may need to maintain a minimum balance in your account to avoid charges.
- Banking Services: Kanakamahalakshmi Co-operative Bank offers various banking services, including mobile banking, and ATM facilities.
Features :
- Free collection of unlimited out-station and local cheques.
- Pay order and Demand Drafts shall be issued for any amount.
- Mobile Banking Facility with IMPS/NEFT.
- SMS Banking facility
- Free Mobile Banking Facility
- Free Tollfree Banking Facility
- Instant ATM card approval.
- UPI services
- Cheque Book Facility
- Electronic Clearing Facility