Bombay Mercantile Co-Operative Bank Limited Home Loan, Gold Loan, Savings Account, Current Account

Home Loan @10.50 %
Gold Loan @9 %
Savings Account
Current Account

Saving Deposit Account can be opened in the name of an individual in his/her own name
Two or more persons in their joint names can also open such an account, subject to KYC compliance as per RBI guidelines
An account can be opened with initial deposit of Rs. 1500/-
Present rate of interest on Savings Deposit is 2.0% p.a. paid on half yearly basis subject to RBI directives and guidelines. (with effect from 1st October 2021)

Minimum balance

An account can be opened with initial deposit of Rs. 1500/-

Save More

Rs 2500/- for Saving Accounts with ATM card facility

Non-maintenance balance

Charges of Rs.200/- per quarter for regular and unclaimed accounts.

OTHER SAVINGS ACCOUNT SCHEMES

SB - NRE(Non Resident External) and SB - NRO(Non Resident Ordinary)

WHAT IS AN NRE ACCOUNT?

An NRE (Non-Resident External) Account is a savings account maintained in where you invest your foreign income earned outside India.

WHAT IS AN NRO SAVING ACCOUNT?

An NRO (Non-Resident Ordinary) savings account is where you can maintain and manage your income earned in India such as rent, dividends, pension etc.

Recurring Deposit Scheme

The interest rates on RDs depend on which category you fall under and your choice between different banks. Senior citizens earn a higher rate of interest when compared to regular citizens. There are schemes offered to minors, students and parents to save for the children. These schemes may carry higher rates of interest. There are also special schemes devised to help people reach their goals. Your interest rates also depend on the type of account you hold. A regular savings account will generally earn a higher rate of interest than an NRE/NRO account. The current interest rates available from different banks range between 7% and 9.25% per annum.