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 – 10.00% (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 Rate – 13.50% (For above 18 Years of Age and under 60 Years)
Initial Deposit will be Rs.300/=
RATES EFFECTIVE DATE: 19.04.2022