Savings Accounts support

What is the interest rate on my savings account?

Answer

The current applicable rate is of 2.30%                                                                                                                   

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What if I want to add someone else on my account?

Answer

Both parties need to visit an MCB branch to perform this procedure.                                      

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What if I want to remove someone from a joint account?

Answer
Both parties need to visit an MCB branch in order to proceed with the removal.

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Am I eligible to a cheque book with a savings account?

Answer
No. A cheque book is associated with a current account.

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Am I eligible to an overdraft?

Answer
Yes, on current accounts only and upon approval of the Bank

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What is the minimum amount to open a savings account?

Answer
No minimum amount is required.

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Is there any insurance linked with with my savings account?

Answer

Your savings account comes with an automatic free personal accident insurance which offers cover up to Rs 100,000. To enjoy this complimentary cover, you need to ensure that your balance stays over Rs 10,000.

 

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