Shri Mahalaxmi Co-operative Bank Ltd

Meant to motivate savings.
Earns a nominal interest of 3.50% per annum on daily balance basis and such interest in credited to the account at the end of Sept and March of every year.
Individuals on their own or in association with others or in the name of the minor children, charitable trust, clubs, and associations not for profit may open this type of account.
Local and outstation cheques in the names of account holders accepted for collection.
Standing instructions accepted.
Initial amount and minimum credit balance to be maintained in the account with cheque facility is Rs. 500 and account without cheque facility is Rs. 300.
Passbook issued free of cost. Duplicate passbook issued on payment of prescribed fee.
Nomination facility available for individuals.

Meant for large transactions.
No interest is paid on the credit balance on these accounts.
Individuals in their own name or in joint names, firms, corporate, Associations, Trust, Co-operative societies can open this type of account.
Pass-sheet will be provided fortnightly.
Standing instructions are accepted.
Local and outstation cheques are accepted.
Initial amount and minimum credit balance to be maintained in the account is Rs. 1,000.

Meant for those who wish to save a fixed amount every month and obtain a lump sum with accrued interest at the end of the deposit period.
Interest as prescribed by the Bank for various periods and paid along with principal amount.
Period of deposit ranges from 12 months to 60 months.
Monthly instalment accepted is a minimum of Rs. 100 or in multiples of Rs. 100 every month to be fixed at the time of opening the account.
Standing instruction accepted.
Nomination facility available for individuals.

Suitable for those who wish to save money every days, particularly small traders, wage earners etc.
Interest will be paid as prescribed by the bank.
Period of deposit is minimum of one year
Minimum amount of Rs. 50 and above
Nomination facility available for individuals.

Meant for those, who wish to invest lump-sum amount and take a maturity value on the due date.
Interest as prescribed by the Bank for various periods will be compounded on quarterly basis.
Period of deposit ranges from 1 year to 10 years.
Amount accepted in minimum of Rs. 1,000 and above
Automatic Renewal facility is available.
Nomination facility available for individuals.

Individuals in their own names or in their joint names or in the names of their minor children, firms, HUF trust, Corporate, Clubs, Associations, can invest their surplus funds and earn attractive interest.
Meant for those who wish to invest funds in one lump sum and get interest periodically.
Interest is paid as prescribed by the Bank and as applicable to the period. Interest will be remitted to any person or account at the request of the depositor.
Period of deposit ranges from 31 days to 10 years.
Automatic renewal facility.
Nomination facility for individuals.