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MACT accounts provide option for customers to receive compensation amount given under the awards of the Motor Accident Claim Tribunal.
Scheme
Scheme Code: MACT Scheme Name: MACT Claims SB A/c
Eligibility
Individuals including Minors (through guardian) in single name.
Minimum/Maximum Balance Requirement
Not applicable, Account may be opened with Zero Balance.
Cheque book / Debit Card / ATM Card/ Welcome Kit/Internet Baking / Mobile Banking facility
Operations in the account
Withdrawals
Only through Withdrawal Forms or through Bio-Metric authentication.
Product change
Not permitted
Place of Opening
Only at the Branch near to the place of residence of Claimant (as directed by the Court).
Account Transfer
Not allowed
Nomination
Mandatory
Passbook
Available
Rate of Interest
As applicable to Regular SB accounts
Statement by e-mail
P. S.: - Any other terms and conditions of SB account in Bank are applicable.