MAVIM Micro Finance Savings Account (SBMMF)

A low maintenance account, specially designed for BPL category customers, those who do not hold any form of Savings Bank account with us, and have availed Microfinance Loan through MAVIM

Eligibility:

For Individuals – Referred by MAVIM for beneficiaries Microfinance loans only

Interest Rates:

3% p.a. on quarterly rest (w.e.f. 01.06.2020)

Minimum Balance:

Region	AQB
Urban/ Metro	Rs 1000/-
Semi-Urban	Rs 1000/-
Rural	Rs 500/-

Features:

20 Cheque leaves free per financial year. (Rs 4/-per leaf thereafter w.e.f. 01.07.2018)
AMC waiver on Rupay /Visa Debit Card for 1st year
Free Internet banking, Mobile banking.
NEFT/ RTGS online transactions are free.
Issuance of 1st balance certificate free.
No limit for cash deposit and withdrawal at home branch.
Fraud Card Transaction Protection – Rs.25000/-
First 5 financial transactions per month are free at our banks ATM.Thereafter Rs 10/- +GST per financial transaction. Non-Financial ATM transactions are free.
3 transactions in Metro and 5 transactions in non-metro including financial and non-financial are free at other banks ATM in a month. Thereafter Rs 20/- per financial transaction and Rs 10/- per nonfinancial transactions (excl gst) would be applicable
Free Financial/Investment Counselling/advisory through our Channel Partners for Insurance and Mutual Funds