Basic Savings Account


Benefits :

  • No minimum balance required

  • No charges for non-operation / activation of inoperative account

Important Terms and Conditions :

  • Applicant should not have any existing Savings Account with MBI prior to the opening of Basic Savings account. If any existing Savings account is available, same needs to be closed by the customer by providing a closure request. The Bank has a right to freeze operations and/or close the other Savings account(s), if such account(s) is/are not closed by the customer within 30 days of opening the Basic Savings Bank account

  • An existing Basic Savings bank customer cannot open another Savings account with MBI
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