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Balamithra

Minor/minor with guardian is entitled to open account under the above scheme.

Initial Deposit of Rs.50 is insisted for opening Savings account.

Maximum allowed number of cash withdrawals is 1 per day.  Managers use their discretion to allow more than 1 cash withdrawal.  No charges being levied in such cases.

Customers not allowed to withdraw cash if minimum balance comes below the stipulated amount due to cash withdrawal. Managers use their discretion to withdraw below minimum balance.

No charges being levied for non-maintenance of minimum balance.

Customers allowed to deposit the funds in the Savings account by cash, clearing cheques of other banks, inter account transfers from other accounts, and collection cheques of other outstation centers

Customers can withdraw the funds by withdrawal slips.  Pass books made compulsory during withdrawal time while withdrawing through withdrawal slips.

Withdrawal slips with serial numbers are provided to customers for withdrawal over the counter.

Separate type of pass book is issued to the customers.

When the outstanding reaches 10000, it is converted as fixed deposit under the head FD-Balamithra with the permission of the customer.

No operation should be allowed once customer attained major status.

When the minor becomes major the existing account is closed and the major person advised to open account under SB Individual scheme.

News & Events

12-09-2017
IFS Codes of bank/branches has changed
30-08-2017
Tenders invited for Printing and Supply of Calendars and Diaries for 2018
15-06-2017
Revision of Deposit Interest rates with effect from 16-06-2017
05-06-2017
RBI observing Financial Literacy week from June 5-9 across the Country, be a part of it
05-06-2017
Reminiscence of Sri EV Kumaran-Formar bank president held at bank auditorium on 03-06-2017
13-04-2017
Sri A Abdul Rasheed, Joint Registrar of Cooperative Societies has taken charge as Part-Time Administrator of KDC Bank
31-01-2017
KDC Bank Received the NABARD AWARD for the best financial perfomance and initiative under Developmental field during the year 2015-16
08-03-2017
KDC Bank Customers have secured cash back concerned with the Lucky Grahakh Yojana declared by central government recently for promoting digital transaction.
03-11-2016
KDCB Bank got Special Recognition award in DCCB Category in Banking Frontiers Awards
01-08-2016
Bank will not ask your ATM Card Number and Secret PIN in any case. beware of such frauds
08-04-2016
RTGS/NEFT Facility is absolutely FREE at Our Bank without any limit.
08-04-2016
NRE account facility is available at all branches of KDC Bank. Fix an appointment with our branch at your convenience..
08-04-2016
Customers can now easily change their existing bank to our bank for AADHAAR Linking. Submit the Mandate Form to our branch immediately
08-04-2016
All type Scholarship Schemes for School going students can be availed through their KDC Bank accounts,
05-08-2016
All our customers can now enjoy the facility of DBT and All AADHAAR based payments. Link your AADHAAR Number immediately
08-04-2016
KDCB RuPay Debit cum ATM Card is acceptable in ATMs/Retail Outlets/PoS all over India. Enjoy the convenience of Cashless Shopping Conact KDC Bank Branch for your ATM card
08-04-2016
Unclaimed deposits Transferred to RBI - DEAF(Depositor Education and Awareness Fund Scheme)-2014 for more details see link Downloads
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