Saving Deposit Account

Saving Account :

• All our Deposit Schemes shall be offered to our Members Only.
• The Amaravathi Multi-Purpose Mutually Aided Co-Operative Society Ltd is registered under the Andhra Pradesh Mutually Aided Co-Operative Societies Act – 1995
• All our Deposit Schemes come under Regulated Deposit Schemes Under the Banning of Unregistered Deposits Act-2019.

Opening a Savings Deposit Account (SD) in The Amaravathi Multi-Purpose Mutually Aided Co-Operative Society Ltd comes with many added privileges compared to other co-operative societies and banks.

DIGITAL SAVINGS ACCOUNT

• Our Sponsoring bank for NEFT/RTGS is ICICI Bank.
• We offer NEFT/RTGS services to our Savings Account Holders. Transaction by downloading our Mobile app from Google play store

Features & Benefits:

• No TDS on interest for Members (as per current IT act)
• Whatsapp Banking Facility.
• Minimum Balance Required – ₹. 1000
• Unlimited Transactions without any charges.
• Free SMS Facility for Transactions.
• Nomination Facility Available.
• Fund Transfer Facility through NEFT/ RTGS
• Inward NEFT Facility (up to ₹ 49,999/-)
• Passbook facility without any charge.
• Mobile Banking/Net Banking Facility Available

*Terms & Conditions apply