A Savings Account has been designed to encourage and promote savings. deal choice for any individual who earns a steady or regular income like salaried employees. This type of account is also ideal for those who have any short term financial goals to meet like a future vacation, financing a wedding, buying a car etc. Banks offering the facility of a Savings account do usually put a limit on the maximum number of transactions which a holder can carry out in a month. The permissible limit without attracting any charge is usually anywhere between 3 to 5 transactions per month (financial and non-financial).
- Attractive interest rate on current:Bank pays 5% p.a for the lowest balance on the current account in the Current Account in a Calendar month (ie 1st to 31or 28 or 30 of the month).
- Saving Account can open SSP only Banks open the account only in local currency i.e SSP
- Deposit /Withdrawal Charges Deposit & withdraw per Calendar Month free.
- Tax Payment Solution: Customer can pay Tax at any branch of the MTD Bank.
SAVING ACCOUNT IS PROHIBITED FOR BUSINESS TRANSACTIONS. NO SAVING ACCOUNT TO BE OPEN IN NON INDIVIDUAL ENTITY