Saving Account

Savings account at MSP INDIAN DEVELOPMENT NIDHI LIMITED is an interest-bearing deposit account for members, savings account provide a modest interest rate. They are great option for members of MSP INDIAN DEVELOPMENT NIDHI LIMITED to park their cash to save for short-term needs and emergencies such as a car, furniture, vacations, or medical expenses because they can be easily liquidated without any tax implications.

Main FeaturesSaving Account
Minimum DepositRs.100/-Rs. 500/-Rs. 1000/-Rs. 2000/-Rs. 5000/-Rs. 10000/-Rs. 15000/-Rs. 20000/-Rs. 25000/-
Attractive Rate of Interest0.00%3.00%4.00%4.50%5.25%6.00%6.75%7.25%8.00%
ServicesManual Mobile BankingMobile Banking + Debit CardMobile Banking + Debit CardMobile Banking + Debit CardMobile Banking + Debit CardMobile Banking + Debit CardMobile Banking + Debit CardMobile Banking + Debit Card

Salient Features

  1. Nomination facility available for deposits.
  2. There can be only one Nominee for a deposit account whether held singly or jointly.
  3. A person legally empowered to operate a minor’s account can file a nomination on behalf of minor.
  4. Applicants can make nomination by filling the prescribed form.
  5. The nomination details can be changed any time during contingency of account by filing the prescribed form.
  6. For more details approach your branch.

Document Required For Opening Account

Identity Proof:Address Proof:
PassportPassport
Aadhar CardAadhar Card
Pan CardTelephone Bill
Voter IdElectricity Bill
Driving LicenseBank Statement with cheque
Government Id CardCertificate/ID Card issued by post office
Photo Ration Card
Senior Citizen ID Card