MULTI GAINS SAVINGS ACCOUNT The Scheme in Brief Multi Gains Savings Account (MGSA) Scheme requires maintaining a minimum balance of Rs.25000/- in a savings account. You can either upgrade your existing savings account to MGSA by filling in a simple declaration form OR open a new MGSA account. Interest will be paid quarterly in the account as against half-yearly in a normal savings account. Free Services A Credit Card will be issued free for the first year with a limit of Rs.25000/- to the individual OR to either of the joint account holder. An International Debit Card will be issued free to the individual account holder OR either of the joint account holder wherever the ATM facility is available. A maximum of two free remittances to anywhere in India aggregating to Rs.25000/- will be allowed in a month. Local / outstation cheques of up to Rs.15000/- will be collected free of charge. The account holder will be provided with 10 cheque books free of cost during a financial year, subject to satisfactory utilization of the cheque leaves. Interest will be paid for unforseen delays in collection of instruments of MGSA account holders. If you desire, your MGSA account can be transferred to any of our branches in India free of cost. * Conditions apply.
Multi Gains Savings Account (MGSA) Scheme requires maintaining a minimum balance of Rs.25000/- in a savings account.
You can either upgrade your existing savings account to MGSA by filling in a simple declaration form OR open a new MGSA account.
Interest will be paid quarterly in the account as against half-yearly in a normal savings account.
A Credit Card will be issued free for the first year with a limit of Rs.25000/- to the individual OR to either of the joint account holder.
An International Debit Card will be issued free to the individual account holder OR either of the joint account holder wherever the ATM facility is available.
A maximum of two free remittances to anywhere in India aggregating to Rs.25000/- will be allowed in a month.
Local / outstation cheques of up to Rs.15000/- will be collected free of charge.
The account holder will be provided with 10 cheque books free of cost during a financial year, subject to satisfactory utilization of the cheque leaves.
Interest will be paid for unforseen delays in collection of instruments of MGSA account holders.
If you desire, your MGSA account can be transferred to any of our branches in India free of cost.
* Conditions apply.
