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.
Features of Nambakam Saving Account
Minimum amount of deposits for open a saving Deposit account is Rs. 1000.
The money can be withdrawn by using withdrawal slip in the concerned branches.
Saving account is of continuing nature. There is no maximum period.
A minimum amount of Rs. 1000/- has to be kept on saving account..
No loan facility is provided against saving account
Enable the depositor to earn high rate of Interest @ 6.00% p.a based on daily minimum balance.
Additional feature
Money Multiplier Facility - Allow us to take care of your idle money by moving it into high interest deposit account earning.
Customer Care - Our Customer Care is always available to answer any query or take your instructions.
Nomination Facility - You may nominate a person as beneficiary to your account proceeds
Liquidity - You may liquidate your account pre-matured by incurring nominal charges for pre-matured liquidation.
The maximum balance in a saving deposit account at any given time qualifying for interest shall not exceed one lakh rupees at any point of time and the specific rate of interest.
The company shall not re-pay any deposit with in a period of three months from the date of its acceptance.
Nomination:
Nomination facility available for deposits.
There can be only one Nominee for a deposit account whether held singly or jointly.
A person legally empowered to operate a minor's account can file a nomination on behalf of the minor.
Applicants can make nomination by filling up the prescribed form.
The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed
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