Saving Account
Saving AccountWhy take 4? 6 is more
Saving money habit will improve the quality of life and will help you to feel better and to sleep better. One will be happier knowing he/she has some money aside for unexpected expenses and look forward to achieve some of their dreams. ALBION INDIA NIDHI LIMITED has introduced uniquely designed “Saving Account” to inbuilt the habit of saving among its members.
ALBION INDIA NIDHI LIMITED Offering Saving Account to its members with following attractive features:
- Earn up to 6% p.a. from your Saving Account with us.
- Tenure:Minimum amount of deposit for opening a Saving Account with us is Rs. 100 only.
- Passbook and Monthly Account Statements will be provided.
- The money can be withdrawn and deposited by using Withdrawal/Deposit slip in the concerned branch(es) and ATM Card
- NEFT/IMPS Transfers’ facility will also be provided for ease of transacting.
- Use ALBION INDIA NIDHI LIMITED Internet Banking and do Recharge & Utility Bill Payments at your fingertips.
- Nomination Facility available for Deposits.
- To enable the depositor(s) to earn high rate of Interest below are the slabs for Interest Rates provided:
| Average Monthly Balance Maintained | Annual Interest Rate Applicable |
|---|---|
| Less than Rs. 10,000/- | @5% p.a. |
| 10,000 and above | @6% p.a. |
Note:
- It is mandatory to become a member in ALBION INDIA NIDHI LIMITED to open a Saving Account.
- Saving Account is of continuing nature. There is no maximum period.
- ALBION INDIA NIDHI LIMITED will issue One share having Nominal value of Rs. 10/- for Saving Account.
- It is Mandatory to complete the KYC Norms.
- Loan will not be provided against the balance kept in ALBION INDIA NIDHI LIMITED Saving Account.
- Interest amount subject to TDS as per provisions of Sec 194A of the Income Tax Act 1961.
- Rate of Interest for Senior Citizen shall be 0.50% higher than normal prevailing interest rate on Saving Account.
- ALBION INDIA NIDHI LIMITED reserves the right to alter or add to these rules at any time without any notice.
For more details approach your nearest ALBION INDIA NIDHI LIMITED’s branch.