Open a savings account at Galaxy Multistate Co-operative Society, Phaltan and earn up to 6% interest per annum on your balance. Designed for individuals, families, and anyone building a stronger financial future.
A savings account is your first step toward financial stability. At Galaxy Multistate Co-operative Society, we offer a savings account with one of the most competitive interest rates available in Phaltan — up to 6% per annum, calculated daily on your actual balance.
| Average Monthly Balance (AMB) | Interest Rate (% p.a.) |
|---|---|
| Up to ₹50,000 | 3.00% |
| ₹50,001 – ₹2,00,000 | 4.00% |
| ₹2,00,001 – ₹5,00,000 | 5.00% |
| ₹5,00,001 & Above | 6.00% |
With zero hidden charges and easy documentation, opening an account takes just a few minutes at our Phaltan branch. Whether you are saving for a goal or simply need a safe place for your money to grow, our savings account is built for you.
| Interest Rate | Up to 6.00% per annum — daily calculation on actual balance |
|---|---|
| Minimum Opening Amount | ₹ 1000 only |
| Account Types | Individual / Joint / Minor (Protected Deposit) |
| Passbook | Free passbook provided |
| Mobile Banking | Full mobile banking access included |
| SMS Alerts | Transaction alerts on your registered mobile number |
| Fund Transfer | NEFT / RTGS / IMPS facility |
| Hidden Charges | Zero hidden charges |
| Nomination | Nomination facility available |
| Withdrawal | Withdraw anytime — no lock-in |
Visit Galaxy Multistate Co-operative Society, Phaltan branch.
Carry your Aadhaar card, PAN card, and one passport-size photo.
Fill the account opening form — our staff will assist you.
Deposit a minimum of ₹ 1000 to activate your account.
Receive your passbook and start earning 6% interest from day one.
| Identity Proof | Aadhaar Card / Voter ID / Passport |
|---|---|
| Address Proof | Aadhaar Card / Electricity Bill / Ration Card |
| Photograph | 1 recent passport-size photograph |
| Minimum Deposit | ₹ 1000 |
A savings account at Galaxy Multistate Co-operative Society works for anyone in Phaltan, Lonand, Dahivadi, or the Akluj corridor who wants their everyday money to earn interest without restrictions. Unlike a fixed deposit, funds remain accessible at any time — withdraw, transfer, or use mobile banking whenever needed, while the balance continues to earn interest based on the applicable slab.
The account suits students managing pocket money, salaried individuals receiving monthly income, homemakers handling household savings, and senior citizens who prefer liquidity over locking funds into a fixed tenure. For members who eventually want higher, fixed returns on a lump sum, a Fixed Deposit or Recurring Deposit at Galaxy Multistate can be opened alongside the savings account at the same Phaltan branch.