Mega Bank brings new saving account with 4.50% interest and other freebies; aims to provide security to parents and children with insurance coverage of 5 lakh

Mega Bank has launched a new saving product Mega Parents Saving account with 4.50% interest with an aim to promote a secure future among both parents and the children.

The bank will provide insurance coverage of Rs 5 lakh to the account holder who will have to maintain the minimum balance of Rs 500. Moreover, the bank will provide free Visa debit card, mobile banking and online banking service, special package in demat and other share related services, as per the media statement.

Customers can get their account opened from all 206 branches and 34 extension counters of the bank, as per the media statement.