Tue, 25th September 2018
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Mega Corporate Benefit Savings Account

Mega Corporate Benefit Savings Account (MCBSA) is a special savings deposit product mainly targeted to payroll accounts which comes with high interest rate and attractive features for meeting the employee needs.

Features of Mega Corporate Benefit Savings Account (MCBSA):

Minimum Balance

Rs. 1,000/-

Interest rate

7.00% p.a.

Visa Debit Card

Free debit card issuance fee

Online Banking

Free

Mobile Banking

Free (1st year only)

ABBS

Free (upto Rs. 2 lakh)

Cheque book

Free on demand

Account Statement

Free on demand

Interest Capitalization Cycle

Quarterly

C-ASBA Facility

Free on demand

Free Medical Insurance*

Rs. 50,000/- (for hospitalization) and Rs.5,000/- (for domiciliary)

Free Accidental Death Insurance**

Rs 3 lakhs (Flat), in case of accidental death

Discount on Loan Processing Fee

25% discount on Home & Auto Loan

Visa Credit Card

50% discount on issuance fee

International Visa Travel Card***

50% discount on Issuance Fee

 

* Medical Insurance can be claimed only after one month of account opening and other conditions applied.

**Accidental Death Insurance can be claimed only after one month of account opening and other conditions applied.

*** Visa/Passport & other supporting documents are required for issuing Visa International Debit Card.

**** This account can be only opened by a group of employees of a company for opening their payroll accounts.

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