Savings accounts and money market accounts allow you to withdraw your money at any time, which is rarely an option with CDs or long-term investment options.
A Savings Account is opened in a Shree Gurudatta Multistate Co. Opp. Credit Society, by salaried persons or by persons who have a regular fixed income to earn interest on their money. This facility is also available to students, senior citizens and so on to encourage a habit of saving. Saving accounts are opened to encourage the people to save money and collect their savings.
It encourages the habit of saving among fixed salary earners.
The ‘saving account’ is generally opened in bank by salaried persons or by the persons who have a fixed regular income…
- Per Day 3% Interest
Features of Saving Account
- The main features of saving account in bank are as follows:
- The main objective of saving account is to promote savings.
- The money can be withdrawn either by cheque or withdrawal slip of the respective bank.
- The rate of interest payable is very nominal on saving accounts. At present it is between 3% to 6% p.a in Shree Gurudatta Multistate Co.Op Society Limited.
Advantages of Saving Account
- Saving account encourages savings habit among salary earners and others who have fixed income.
- It enables the depositor to earn income by way of saving bank interest.
- Saving account helps the depositor to make payment by way of issuing cheques.
- It shows income of a salaried and other person earned during the year.
- Saving account passbook acts as an identity and residential proof of the account holder.
- Available Money Transfer & D.D facility in low comission.
- Gold Loan & Gold purchasing loan facility available.
- Audit Class ‘A’ organisation.
- R.T.G.S facility available.
- Deposit Locker facility available in main branch.
- Savings account daily interest.
Available Money Transfer & D.D facility in low comission.
Gold Loan & Gold purchasing loan facility available.
Audit Class ‘A’ organisation.
R.T.G.S facility available.
Deposit Locker facility available in main branch.
Savings account daily interest.
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