Welcome to State Bank of Mysore's Personal banking.
We meet your needs - of an investment of your surplus funds or to park your hard-earned money, you will find a product just right for you, delivered at a branch close to you.Open an account with any of our branches and realise the advantage of our vast network. Earn high interest on fixed deposits,putting your money to work for you with confidence and security.
Interest Rates-Domestic Deposits
New Deposit Schemes
Mybank Suraksha Savings Account
|
Name of the Product |
Mybank Suraksha Savings Account |
|
Eligibility |
Individuals, excluding NRI customers |
|
Mode of holding |
Single or Jointly. In case of joint accounts insurance cover will be provided to first named person only. |
|
Type of account |
Savings Bank account |
|
Minimum quarterly average balance |
` 10,000/- |
|
Rate of interest |
As applicable to Savings Bank deposits. |
|
Debit entries allowed free of charges |
50 per half year. |
|
Cheque leaves issued free of charges |
25 leaves free in a year. |
|
Insurance cover |
An accidental death insurance cover for `2.00 lacs will be provided to the depositor free of cost. This benefit will be subject to yearly review. |
|
Other conditions |
All the other features of ordinary Savings Bank deposit i.e ATM, Internet, Moblile Banking etc. will be available for this product also.
Existing Savings Bank account holder can shift to Suraksha Savings account by giving an application.
Insurance cover/Claim settlement subject to conditions.
Penalty will be applicable for non maintenance of Quarterly balance. |
Mybank Suraksha Savings Plus Account
|
Name of the Product |
Mybank Suraksha Savings Plus Account |
|
Eligibility |
Individuals, excluding NRI customers |
|
Mode of holding |
Single or Jointly. In case of joint accounts insurance cover will be provided to first named person only. |
|
Type of account |
Savings Bank account |
|
Minimum quarterly average balance |
` 25,000/- |
|
Rate of interest |
As applicable to Savings Bank deposits. |
|
Debit entries allowed free of charges |
100 per half year. |
|
Cheque leaves issued free of charges |
25 leaves free in a year. |
|
Multi City Cheques issued free of charges |
25 leaves free in a year. |
|
Insurance cover |
An accidental death insurance cover for `5.00 lacs will be provided to the depositor free of cost. This benefit will be subject to yearly review |
|
Other conditions |
All the other features of ordinary Savings Bank deposit i.e ATM, Internet, Moblile Banking etc. will be available for this product also.
Existing Savings Bank account holder can shift to Suraksha Savings plus account by giving an application.
Insurance cover/Claim settlement subject to conditions.
Penalty will be applicable for non maintenance of Quarterly balance. |
Mybank Suraksha Time Deposit Account
|
Name of the Product |
Mybank Suraksha Time Deposit Account |
|
Eligibility |
Individuals, excluding NRI customers |
|
Mode of holding |
Single or Jointly. In case of joint accounts insurance cover will be provided to first named person only. |
|
Type of account |
TDR/STDR |
|
Period of deposit |
1 to 3 years |
|
Amount of Deposit |
Minimum : ` 1,00,000/-. Maximum: ` 99,99,999/-. |
|
Rate of interest |
Applicable Card rates. |
|
Insurance cover |
An accidental death insurance cover for `5.00 lacs will be provided to the depositor free of cost. This benefit will be subject to yearly review. |
|
Others |
All the other features of Time deposit i.e Nomination facility, Loan against deposit etc. is also available for this product.
Insurance cover/Claim settlement subject to conditions.
Penalty will be applicable for premature closure of deposit. |
Saral Savings Bank account (No Frills account)
|
Purpose
|
To enable the common man to open/ maintain bank account at no cost. |
| Eligibility |
Individuals of 18 years and above.
|
| Available at | Presently in Rural Branches only. |
| Initial Deposit amount |
Rs. 10/-
|
| Minimum balance to be maintained | Zero. |
| Minimum balance /amount | If the value of business connection including interalia, the other liability products like Recurring Deposit or Term Deposit,exceed Rs. 10,000/- the account will be upgraded to normal SB account. |
| Rate of Interest | As applicable to Savings Bank from time to time. |
| Operation of the account and applicable charges | Cheque facility will not be extended on this account. Withdrawals will be made through withdrawal forms. Maximum 4 withdrawals per calendar month. No restrictions on deposits in the account. |
| Account opening procedure | Extant procedure for opening a SB account will be applicable. |
| Wheteher ATM card facility / standing instructions / overdraft facility is available? | Not available. |
| Nomination | As applicable to deposit accounts. |
| All other rules and regulations relating to SB accounts are applicable. | |
SBM Tax Saver Scheme << click for details
Tax saving scheme under Sec 80c of the IT act
A Bank Term Deposit Scheme 2006 has been introduced by the Central Government commencing from the financial year 2006-07 wherein time deposits made upto Rs.1.00 lakh for a period of 5 years are exempted from payment of Income tax under Sec 80C
Multi Option Deposit Scheme
A new deposit scheme combining the features of Current account, Savings Bank a/c, TDR or RID a/c. The product proposes to give liquidity to the depositor with high returns and convenience. It provides the depositor an automatic overdraft facility in Current a/c and automatic withdrawal of Term deposits in units through SB a/c. Depositor has to simultaneously open TDR / RID a/c for Rs.1000/-, SB a/c with balance Rs.500/- and Current a/c.
Contact your nearest Branch of State Bank of Mysore or
Chief Manager
State Bank of Mysore
Personal & Services Banking Department
H .O.: K.G.Road, Bangalore - 560009, INDIA
Phone: 91 80 22353901 to 22353909 ; 22353473.extn.380
91 80 22353467 Fax: 91 80 22283684
Email:
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Deposits