SAVINGS ACCOUNT
SAVINGS ACCOUNT
ADNL
Overview & Benefits
One will be happier knowing he/she has some money aside for unexpected expenses and look forward to achieve some of their dreams. Axxom development Nidhi Limited has introduced uniquely designed “Savings Account” to inbuilt the habit of saving among its members. We offer higher interest rate on Savings Account on daily balances than others. Savings Account with us is always safe, reliable and growth bound. We offering Savings Account to our members with following attractive features:
• Earn up to 6.5%p.a. from your Savings Account with us.
• Passbook and Monthly Account Statements will be provided.
• Nomination Facility available for Savings Account.
Monthly Average Balance (MAB) required to be maintained for different variants of Savings Account:
Variant | Required Monthly Average Balance |
Savings Plus Account | 1000 |
Senior Citizen Account | 500 |
Women’s Savings Account | 500 |
Normal Savings Account | 250 |
Interest Rates for different categories of Account Holders:
| Category | Annual Interest Rate Applicable |
|---|---|
| For General Account Holders | 6 % |
For Senior Citizens, Women & Ex-servicemen | 6.5 % |
Terms & Conditions:
• It is mandatory to become a member in Axxom development Nidhi Limited to open a Savings Account.
• It is Mandatory to complete the KYC Norms.
• Savings Account is of continuing nature. There is no maximum period.
• Loan will not be provided against the balance kept in Savings Account.
• Interest amount is subject to TDS deductions as per existing income tax rules.
• Rate of Interest for Senior Citizens, Women & Ex-servicemen shall be 0.50% higher than normal prevailing interest rate on Savings Account.
• Interest rates are subject to change at the sole discretion of the Axxom development Nidhi Limited.
• Axxom development Nidhi Limited reserves the right to alter or add to these rules at any time without any notice.