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 |
6.50% 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. 1,00,000/- (for hospitalization) and Rs.5,000/- (for domiciliary) |
|
Free Accidental Death Insurance** |
Rs 7 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.
