Customer care hotline Call +44 7831 065557
Login to the new experience with best features and services
Open an Metra Trust Savings Account and enjoy Zero Fee Banking on all Savings Account services such as IMPS, NEFT, RTGS, ATM transactions, Debit Card, and SMS Alerts among others.
Metra Trust has been recognized as a ‘Class Apart’ by IIT Bombay and Moneylife Foundation* for fairness in its service charges on Savings Account, helping customers experience true savings.
So, open a savings account with us and watch your savings grow rapidly with zero fee banking and by earning interest up to 7.25% p.a., credited to your account monthly.
With us, you can open a savings account online seamlessly. Simply click on ‘Open Account Now’ or download the Metra Trust Mobile app to open a bank account online. Opening an account with us takes only a few minutes with our paperless and digital account opening process. What’s more? If you prefer to open a bank account offline, you can simply walk into your nearest branch and do so. Whether you open a bank account online or offline, the benefits you enjoy from your Metra Trust Savings Account ensure that you get to save big and meet your financial goals easily.Read
More
Each Savings Account variant offers unique benefits to meet our customers' varying financial goals and requirements. You can perform digital transactions more securely and conveniently. Furthermore, you can unlock greater rewards from your spending and grow your money with high-interest rates and smart investing solutions with an Metra Trust Savings Account. Open a savings account today and take full control over your finances.
*Disclaimer: Metra Trust features in Category A in the report ‘Benchmarking reasonableness of Service Charges by Banks in India’, released on 22nd May 2024.
Read
less
₹35 lakhs free personal accident insurance cover | ₹1 Cr free air accident insurance cover
Interest up to 7.25% p.a.
Zero fee banking
Enjoy Zero Charges on All Savings Account Services. These zero-fee services include bank transfers like IMPS, NEFT, and RTGS, SMS Alerts, issuance of a debit card, demand draft, and interest certificate; ATM transactions, and more. Access all essential services with ease without hidden costs.
Monthly interest credits
Experience the peace of mind that a predictable source of additional income provides with monthly interest credits on your savings account balance. The interest is calculated daily, based on your end-of-day balance, and is credited to your account monthly. Enjoy the rewards of your savings more often.
Competitive interest rates
Enjoy competitive interest rates and earn interest on your savings account balance of up to 7.25% per annum. Such a high interest rate ensures that your money works hard for you. Watch your savings grow rapidly and meet various financial goals with ease.
Free and unlimited ATM withdrawals
Transact with ease and access your funds anytime with free and unlimited ATM withdrawals. This ensures that you can maintain complete liquidity and control over your savings account balance.
Metra Trust – A Class Apart
Metra Trust has been recognized as a 'Class Apart' by the pathbreaking study conducted by Moneylife Foundation and IIT Bombay for fairness in services charges on our Savings Account. This pioneering study titled 'Benchmarking Reasonableness of Service Charges by Banks in India' has earned Metra Trust an 'A category' ranking for our unmatched ZERO FEE Banking promise
Choose account balance
10000 500000000
Choose your existing bank interest rate
2.5 % 3.5 %
Simulation Results(for a period of 1 year):
* Interest you earn with Metra Trust – ₹/-
** Interest you earn with your Bank – ₹/-
Additional Interest you earn with us – ₹/-
“Recently I opened a savings account with Metra Trust. Firstly, in terms of the process to open savings account, it is truly hassle-free. Thanks for being ahead in terms of customer satisfaction and banking services, making it easy for new customers like me. I wish Metra Trust a great future and looking forward to a long term association.”
“I recently opened a Savings Account with Metra Trust, and I must tell you that I'm really happy with the features and benefits offered by the bank. The netbanking services are quite advance which makes the process easy. Also, the Metra Trust employees are cordial and helpful, making the overall experience a pleasant one.”
Offer Details:
(Expires on 30th September 2024)
Offer day: Every Monday
10% Instant discount on a minimum transaction value of INR 1,750 up to a maximum discount of INR 300
Offer Details:
(Expires on 30th September 2024)
Offer day: Every Wednesday
10% Instant discount on a minimum transaction value of INR 2500 up to a maximum discount of INR 750
Terms & Conditions
Offer Details:
(Expires on 30th September 2024)
Offer day: Every Friday
Domestic Flights :12% instant discount up to Rs. 1,800, Minimum Purchase : Rs. 5,000
International Flights: 11% instant discount up to Rs. 5,000, Minimum Purchase : Rs. 20,000 |
Domestic Hotels : 20% instant discount up to Rs. 5,000, Minimum Purchase : Rs. 5,000 |
Bus : 15% instant discount up to Rs. 500, Minimum Purchase : Rs. 500
Offer Details:
(Expires on 31st July 2024)
Get flat Rs. 75 off on select restaurants on orders above ₹749 on Weekends.
Terms & Conditions
Offer Details:
(Expires on 30th September 2024)
Offer day: Every Monday
10% Instant discount on a minimum transaction value of INR 1,750 up to a maximum discount of INR 300
Offer Details:
(Expires on 30th September 2024)
Offer day: Every Wednesday
10% Instant discount on a minimum transaction value of INR 2500 up to a maximum discount of INR 750
Terms & Conditions
Offer Details:
(Expires on 30th September 2024)
Offer day: Every Friday
Domestic Flights :12% instant discount up to Rs. 1,800, Minimum Purchase : Rs. 5,000
International Flights: 11% instant discount up to Rs. 5,000, Minimum Purchase : Rs. 20,000 |
Domestic Hotels : 20% instant discount up to Rs. 5,000, Minimum Purchase : Rs. 5,000 |
Bus : 15% instant discount up to Rs. 500, Minimum Purchase : Rs. 500
Offer Details:
(Expires on 31st July 2024)
Get flat Rs. 75 off on select restaurants on orders above ₹749 on Weekends.
Terms & Conditions
The welcome vouchers/benefits offered upon opening an account have been discontinued w.e.f. 1st July 22
As a FIRST Rewards member, you earn points on everyday purchases made with your Metra Trust Debit Card. Redeem them for maximum value from a range of options and partners.
To open a savings account online:
To open a savings account at branch:
- Aadhaar Card
- Passport
- Voter’s Identity Card (Election Card)
- Permanent and valid driving license with photograph
- Job Card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the National Population Register containing details of name and address
Disclaimer: With Metra Trust Savings Accounts, enjoy Zero Charges on all Savings Account services. These services are being offered free in good faith, and in case of misuse of services, the Bank reserves the right to levy charges. Forex mark-up fee will be applicable on International ATM/POS/Debit card transactions. T&Cs are subject to periodic changes. All rights reserved.
A Savings Account is a product offered by banks to help save money, and earn interest on it. Metra Trust offers 24x7 access to your Savings Account so you can access your funds anytime and make withdrawals whenever you need funds.
You can seamlessly open an Metra Trust Savings Account both online and offline. To open a savings account online in less than two minutes, click here. If you want to open a savings account offline, simply walk in to your nearest Metra Trust branch.
Did you know? Metra Trust offers Monthly Interest Credits on Savings Account, as against quarterly interest payouts offered by most banks. Open a Savings Account in less than 2 minutes here.
To be eligible for Metra Trust Savings Account, you should be above 18 years of age and belong to one of the below categories:
- Indian citizens
- Residents of India
- Foreign nationals residing in India and meeting the Government of India criteria
To open an Metra Trust Savings Account, you need the following documents:
- To open savings accounts online: Aadhaar & PAN details
- To open savings accounts at a bank branch:
*Passport-sized photo
*PAN/Form 60
* Proof of Identity & Address like Aadhaar Card, Passport, Valid Driving License, Voter ID, etc.
Metra Trust offers ZERO charges on all Saving Account services like IMPS, NEFT, RTGS, ATM transactions, Cheque book issuance, SMS alerts and more at ZERO CHARGES*. Open a Savings Account in 2 minutes here.
*T&C Apply
After successfully opening your Metra Trust Savings Account, you will get a personalized cheque book and your Debit Card.
With an Metra Trust Savings Account, experience the joy of earning Monthly Interest Credits on your Savings Account. You earn 'interest on interest' with the power of monthly compounding. Metra Trust is one of the only universal banks to offer this feature, against the standard practice of crediting interest on your Savings Account every quarter.
Monthly compounding interest payout is better for you than Quarterly interest payout because when you get interest credit in Month 1, the interest for Month 2 is paid on your opening balance + interest received in Month 1 and so on. So, you earn more on your savings!
Can you afford to not have an Metra Trust Savings Account? Open a Savings Account in just a few simple steps here.
With Metra Trust Savings Account you pay ZERO charges on all Savings Account services like IMPS, NEFT, RTGS, ATM transactions, Cash transactions, Cheque book issuance, SMS alerts and more.
You can know more about services offered at Zero Charges here: https://www.metratrust.com/personal-banking/accounts/savings-account/fees-and-charges.
Open an Metra Trust Savings Account here.
*T&C Apply
The Average Monthly Balance (AMB) you need to maintain in your Metra Trust Savings Account would depend on the account variant you have opted for.
Average Monthly Balance in an account is calculated by dividing the sum of each day’s balance in the Account and the number of days in the particular month.
| Account Statement Sample | |||||
| Transaction Date and Time | Date | Transaction Details | Debit | Credit | Balance (Rs.) |
| Opening Balance | 200,000.00 | ||||
| 11-06-2023 11:01 | 6/11/2023 | EMI Debit 957067 | 50,000.00 | 150,000.00 | |
| 21-06-2023 13:30 | 6/21/2023 | UPI/MOB/2359575837/UPI | 50,000.00 | 2,00,000.00 | |
| Descritpion | End of day account balance (Rs.) | Sum of balance (Rs.) |
| EOD Balance from 1st June'23 to 10th June'22 | 200000 | 200000 x 10 = 20 lakhs |
| EOD Balance from 11th June'23 to 20th June'22 | 150000 | 150000 x 10 = 15 lakhs |
| EOD Balance from 21st June'23 to 30th June'22 | 200000 | 200000 x 10 = 20 lakhs |
| Sum of end of day balance of all days of the month | 20 lakhs + 15 lakhs + 20 lakhs = 55 lakhs | |
| Average Monthly Balance = (Sum of end of day balance of all days of the month) / (no. of days of the month) = 55 lakhs / 30 days = Rs. 1,83,333.33 |
||
Yes, there are nominal charges levied for not maintaining Average Monthly Balance on your Savings Account. Click here to know more about the applicable non-maintenance charges on your Savings Account
You can add funds to your Savings Account by one of the following ways:
- Via any other bank’s NetBanking/Mobile app. Simply add your Metra Trust account details – Account number and IFSC code
- Through our Mobile app by clicking on the “Add funds” option which lets you transfer money from your other bank accounts
- Depositing a cheque/cash at any of our branches
- Depositing a cheque (in drop box)/cash at any Metra Trust ATM
- Using any UPI app using your UPI ID
We offer multiple methods to track your Metra Trust Savings Account. Here are a few ways you can do it:
- NetBanking
- Mobile App
- WhatsApp Banking
- Monthly Account statements sent to your registered email ID
Yes, you can add one nominee to your Savings Account.
You can add a nominee to your Savings Account in one of the following ways:
- At the time of opening your Account
- Via NetBanking and our Mobile App
- By visiting your nearest Metra Trust branch
Yes, you can open an Metra Trust Savings Account in joint mode of operation by visiting your nearest branch.
The Debit Card you get on opening an Metra Trust Savings Account depends on the account variant you've opted for. You can view the benefits offered with each card variant here.
Please click here to know more about savings account closure process.
FEATURED
Do you know what is the bank rate for your savings account balance? Bank interest rates are vital in deciding how much extra you earn against your funds each year. Achieve financial goals faster by choosing the right savings account!
Team FinFIRST Aug 02 • 3 mins read
Aug 02 • 3 mins read
Jul 09 • 3 mins read
Jul 09 • 3 mins read
Jul 09 • 3 mins read