Empower Saving is a sub product under Saving Deposit Category. Empower Saving onboard the customers into the digital platform through the usage of delivery channel services(mBoB,Internet Banking and ATM) . The customers who opt for Empower Saving can also maintain/open additional Normal Saving Account under same CIF.
Savings Deposit Account can be opened by:
- either or survivor
- The prevailing rate of interest on Empower Savings Deposit Account is 5.25% per annum, calculated on daily product basis.
- No upper limit on account balance.
- The interest would be paid irrespective of number of withdrawals.
- Annual Maintenance fee
- MBoB monthly fee
- ATM Visa Debit card processing fee.
|For individual/Either or Survival||
|For Non-National Individuals/Either or Survival||
Savings Deposit Accounts are treated as dormant in case there is no operations i.e. debit or credit entry for 1 Year or more. Manual deposit will have to be made in order to activate the account.
A depositor wishing to close his account can do so by surrendering the passbook and unused cheque leaves along with a written application to the Bank.
For further information, please contact our nearest branch.