drop image drop image drop image drop image
You are here  » Personal Banking »  Saving Deposit Scheme

Savings account

Who can open an account?

  1. An Individual in his/her Capacity.
  2. More than one person jointly.
  3. An Illiterate Person
  4. A Blind/ Visually Impaired/ Incapacitated Person
  5. A Guardian On Behalf Of Minor In The Minor'S Name
  6. Charitable / Religious Institutions
  7. Trust, Clubs, Association, Ngo
  8. Local Bodies, All Types Of Co-Operative Housing
    Societies And Such Other Bodies Of Identical Nature
  9. Staff Member

Rate of interest

  • 3.00% P.A. On the basis of daily product*

Interest credited on

  • Quarterly (w.e.f. December 2018).

Initial deposit

  • Rs.1000/-

Pass book

  • Issued to every savings account


  1. Any branch banking (ABB), inter Connectivity
  2. ATM-cum-Visa Debit Card Facility
  3. Remittances-pay order, demand draft on any location in india
  4. Collection of outstation cheques
  5. Telebanking facility
  6. RTGS/ NEFT Facility
  7. SMS banking
  8. Internet banking
  9. E-Statement facility
  10. Mobile Banking

ATM facility

  1. ATM card/ INSTA card is issued.
  2. For the facility of cash withdrawal upto Rs.25000/- in a day from
    the account with our any branch of PMCB at any time of the day.
  3. Rs.10,000/- can be withdrawn in a day from the account with NFS
    network, BANCS network (i.e. other bank's ATMS can be used as per
    list)at any time of the day.

Minimum Balance Requirement 

Rs. 1000/-

  1. One latest passport size photograph
  2. Pan card or Form 60
  3. Aadhaar/Passport/Driving license/Voter's Identity Card/NREGA Job Card / letter issued by National Population Register containing details of name and address.
  4. Pension card/government ID card/Ration card /school leaving certificate/ Life insurance policy can be considered for senior citizens.
  5. FATCA declaration form applicable for individual.


  1. Bank reserves the right to close any account, if cheque drawn are
    returned unpaid frequently for want of funds or the account is considered
    as irregular/ non-satisfactory.
  2. Account not in operation for more than two years will be treated as inoperative/ dormant account
  3. Bank reserves the right to alter, amend, rescind the rules from time to time

Service Charges

Safe Banking Tips
Internet Banking Login lock
Rupay Credit Card Login
Online Visa Bill Pay
  rupee PMC BILL PAY
connect us at
©  Punjab & Maharashtra Co-operative Bank Limited.
chic logo