A no-frills account is a bank account that can be opened and maintained with a zero balance, levies zero or nominal charges and does away with the unnecessary services or frills. The downside of such an account is that most of the facilities offered are limited.
Key Features:
- A No Frill Savings Account can be opened and maintained with a zero balance.
- No tax or nominal charges is applicable.
- Offer limited facilities.
- Quarterly account statements.
- Electronic Funds Transfer (EFT).
Profit Rate :
5%
Types of No Frill Account:
- Mudaraba Farmers Savings A/C.
- Mudaraba Street Urchin and Working Children Savings A/C.
- Mudaraba Disable Savings A/C
- Mudaraba Poorest Privileged Savings A/C.
- Mudaraba Distress Freedom Fighters Savings A/C.
- Mudaraba Social Security Privileged Savings A/C.
- Mudaraba Distress Rehabilitation Privileged Savings A/C.
- Mudaraba City Corporation Cleaner Workers Savings A/C.
- Mudaraba Readymade Garments Workers Savings A/C.
- Mudaraba Small Footwear & Leather Industries Workers Savings Account under LSBPC.
- Mudaraba National Services Privileged Savings A/C.
- Mudaraba Small Life Ins. Policy Holder Savings A/C.
- Mudaraba Previous Enclave Dwellers Savings A/C.
- Mudaraba Tea Garden Workers Savings A/C.
