Malappuram District Co-operative Bank Ltd
General IFS Code: IBKL0209M01 NRE IFS Code: FDRL0SME002

Deposit Accounts

  • Basic Savings and Basic Deposit Account

This is a savings bank account which can be started with zero balance. Maximum transaction per month and the amount that can be maintained as balance in the account will be subject to RBI directives.

Facilities: Free: Passbook, RuPay ATM Debit card, SMS intimation for transaction, Withdrawal through withdrawal form only. Interest @ 4% will be applicable on daily rest basis and will be credited to the account on half yearly basis.

  • Savings Bank Account

This is Savings account for all your needs.
Facilities Free: Passbook, RuPay ATM Debit card, SMS intimation for transaction. Facility to link Social Security Insurance Schemes like PMJSY, PMBY and APY.

  • Pradhanmantri Jan Dhan Yojana Account (PMJDY)

This is Savings account with features as described by Government of India.
Facilities Free: Passbook, RuPay ATM Debit card with PMJDY logo and other customisations, SMS intimation for transaction. Facility to link Social Security Insurance Schemes like PMJSY, PMBY and APY.

  • Current Account

This account caters to your frequent business needs.
Facilities: Free: Passbook, RuPay ATM Debit Card, SMS intimation for transaction.

  • Recurring Deposit

Save fixed amounts over a period of time and get lump sum amounts at the end of the tenure. Can be used for saving small amounts to cover a foreseen expense in future. Suitable for children The rates applicable will be as per the rates of the Fixed Deposit for the concerned period.

  • Term Deposit Account

These Fixed Deposit accounts with high rate of Interest. The interest rates are fixed by the Registrar of Co operative Societies. Rates are applicable in slabs and change from time to time. Click here for rates.

  1. Available in cumulative interest (interest on interest) mode also.
  2. Conditionally interest can be drawn on quarterly/monthly basis.
  3. General conditions of RBI regarding Deposit accounts are applicable.
  4. 0.5% Interest rates extra will be available for senior citizens.
  •  Attractive Special Deposit Schemes

are launched at specific periods. Information of such schemes can be had from the nearest branch.
All our Deposit accounts are covered by the Insurance scheme of Deposit Insurance and Credit Guarantee Corporation (DICGC).