1) How can I contact MCC Bank about the privacy notice for the mobile banking app?
You can email or write to MCC Bank Ltd.

2) What is the Sarvatra app?
This app allows you to monitor and manage your ATM, e-commerce, and POS transactions.

3) What is the minimum balance in MCC Bank Account?
No account will be opened for a sum less than Rs. 1,000/- and the amount of minimum balance to be maintained is Rs. 1,000/-. Account opening forms, pay-in-sips, pass books are supplied free of charges.

4) What is the other name of MCC bank?
Mangalore Catholic Co Operative Bank Ltd.

5) How to change or update the mobile number or mail ID?
Kindly place a request at the branch for changing the Mobile number or email Id.

6) Is there any special rate of interest for Senior Citizen?
Resident senior citizen earn additional interest 0.50% above one year .

7) How can I place a request for account statement?
Kindly place a request at the branch for Account Statement via Email.

8) Can I update nomination facility?
Yes. Request for change of nominations are to be given to the respective branch.

9) When do I became liable for TDS?
Customer is liable for TDS when the aggregate interest earned for all deposits held under a particular customer ID is greater than INR 40,000 (INR 50,000 in case of senior citizen) in a financial year. *Note: TDS is not applicable on interest of NRE deposits.

10) How to place a request for new cheque book?
Kindly place a request at the branch for New Cheque book.

11) What Is KYC? Why is it required?
KYC means "Know Your Customer". It is a process by which banks obtain information about the identity and address of the customers. This process helps to ensure that banks' services are not misused. The KYC procedure is to be completed by the banks while opening accounts and also periodically update the same.

12) What are the KYC requirements for opening a bank account?
To open a bank account, one needs to submit a ‘proof of identity and proof of address' that is Aadhaar Card Copy & Pan Card Copy together with a recent photograph.

13) Is there any method to get the account number on same day?
Yes. MCC Bank gives that facility also. You can start remitting funds in the account on the same day.

14) How many FD can be opened in one account?
You can also have two or more FDs in the same bank as there is no limit to the number of fixed deposit accounts you can have.

15) What is the maximum amount that can be invested in a FD account?
There is no maximum limit to invest in a FD account.

16) What are the benefits of fixed deposit in MCC Bank?
•The depositor can make an investment into the deposit to earn higher returns.
•Interest is paid upon maturity (compounding) & Monthly/ Quarterly/Half yearly/Yearly (simple interest)
•Nomination facility is available.
•The extra interest of 0.50% is available for senior citizens.
•Auto-renewal facility is available

17) Can I withdraw FD anytime?
Fixed deposits, with a premature withdrawal facility, allow the depositor to close the FD before the date of maturity arrives. This comes as a relief in times of cash crunch. However, a certain amount may be deducted from the deposit interest as a penalty for preclosure.

18) Is loan provided against the FD?
Yes, we offer loan facility against Fixed Deposits. 85% funding is done on Deposits.

20) Can the FD be made jointly with another person?
Yes, customers have the option of opening an FD in their single names and also in joint names. The mode of operation permitted by for joint FD account is “Either or Survivor” or Jointly.

21) What is a current account?
A current account is a bank account designed for businesses that need to make a large number of transactions daily.

22) Is GST mandatory for current account?
The GSTIN is not mandatory for small business concerns, however it is mandatory for large business depending on their Business turnover per year.

23) Is KYC required for current account?
There are some documents that you need to obtain fo open a current account irrespective of your type of business, and a few additional documents based on the type of your business. Customer need to submit KYC documents for all the authorised signatories for your business. Busines License, GST Certificate and KYC of the Proprietor ad a recent photograph is mandatory.

24) Is ATM allowed in current account?
Yes.

25) Who can withdraw money from minor account?
Guardian of the minor as per SB opening application (a parent/guardian) can withdraw money from a minor bank account.