Sumerpur Mercantile Urban Co-Op. Bank Ltd.

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Savaing Account

Minimum balance

An account can be opened with initial deposit of Rs. 500 /-

Save More

Rs 2500/- for Saving Accounts with ATM card facility

Non-maintenance balance

Minimum charge apply

Savings Account Schemes

  • A Savings Account provides opportunity to develop the habit of small savings. Saving Bank account can be opened with a minimum amount of Rs.500. It is an ideal scheme for all sections of society to save for a secured future. This account can be opened by any individual, single or jointly with one or two or more or in the name of a trust or co-operative society. Cheque book is issued only on minimum balance amount of Rs.1000/- in the account. Nomination facility is available for this account. Pass book is issued for this account to refer to transactions record any time. Kindly refer to our separate interest section for current interest rates. For details/queries, contact your nearest branch.

      Mercantile Savings Account Features & Benefits:


    • Minimum Balance Required – NIL (No Frills Account).
    • Interest Rate – 4% per annum (daily base products) .
    • Nomination Facility.
    • Statement Facility.
    • SMS Facility.
    • ATM Facility.
    • IMPS (Immediate Payment Service) Facility.
    • Mobile Banking Facility.