Savings Deposit

MMSCCS Savings Deposit is a default Savings Account that commences when an individual joins as a Member. This account can be used for depositing and withdrawing funds from the Society as and when required. This account is offered and promoted as a product by itself and the returns are based on Simple Interest on a Daily Product basis. The interest is paid out at the end of every 3 months (ie., end of every quarter) @ 6% per annum for the amount maintained in the account. This Savings Account is perfect for Pensioners, Working Professionals, Housewives, Businessmen, and Professionals to maintain a good deposit that brings them steady returns. Society is coming up with co branded ATM cards, so that customers can do transactions with ease in their comforts.