Muthu translated to English depicts a pearl, and aims to link childhood to the traits of a pearl. The brand Singer, introduced Hire Purchase to the world way back in 1851 and then the beginnings were humble and small, although a Savings products is not an innovation, the company’s track record speaks of a high success rate and we remain optimistic that the simple beginning of “Singer Muthu” savings is the beginning of a family of new products which will one day be a success story to be spoken about.
SAVING ACCOUNTS
MINOR SAVINGS - (Singer 'MUTHU')
Save for your child with higher interest rate instead of having Gifts.
- Interest Rate – 8.25%
- Only for Children’s age under 18 Years
- Initial Deposit will be Rs.300/= and no withdrawals are allowed till the child becomes Major.
Documents Required :
ORDINARY SAVINGS
Interest Rates
Normal Savings |
7.75% |
Corporate Savings |
7.75% |
Diriliya |
8.00% |
Next Gen |
8.00% |
- For customers between 18 years of age and 60
- Initial Deposit will be Rs.300/=
SENIOR CITIZENS SAVINGS
- Interest Rate – 8.25%
- For customers above 60 years of age
- Initial Deposit will be Rs.300/=
- Scheme 1
-
MINOR SAVINGS - (Singer 'MUTHU')
Save for your child with higher interest rate instead of having Gifts.
- Interest Rate – 8.25%
- Only for Children’s age under 18 Years
- Initial Deposit will be Rs.300/= and no withdrawals are allowed till the child becomes Major.
Documents Required :
- Scheme 2
-
ORDINARY SAVINGS
Interest Rates
Normal Savings 7.75%
Corporate Savings 7.75%
Diriliya 8.00%
Next Gen 8.00%
- For customers between 18 years of age and 60
- Initial Deposit will be Rs.300/=
- Scheme 3
-
SENIOR CITIZENS SAVINGS
- Interest Rate – 8.25%
- For customers above 60 years of age
- Initial Deposit will be Rs.300/=
RATES EFFECTIVE DATE: 26.03.2024