This scheme, basically is a combination of Savings Bank and Muthukkuvial / Fixed Deposit in one account. Any senior citizen can invest under this scheme to meet any of their future needs of funds by saving small amounts.
- Combination of Savings Bank and Fixed Deposit in one account
- Free Personal Accident Insurance Cover for ₹ 1,00,000
- Auto Sweep Facility
- Anywhere Banking Facility
- Free ATM-cum-Debit Card with No Annual Maintenance Charges for the first year
- Free personalized Cheque Book (20 Leaves per year)
- One year waiver on Annual Maintenance Charge on Demat Account
- Free Interest Certificate
- All resident individuals (sole or joint) in the age group of 60 years and above are eligible to open the TMB Santhosh Savings Bank Account.
- In the case of a joint account, the first applicant has to be a senior citizen
Minimum / Maximum Amount for SB Account
- Minimum Balance - Nil
- Maximum Balance - No Limit.