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BASIC DEPOSIT
Basic Deposit Account
An interest or non-interest bearing account designed to promote financial inclusion.
Minimum initial deposit
Not more than P100.00
Minimum Maintaining balance to earn interest
P 1,000.00
Interest rate
0.5% p.a.
Term of Deposit/Placement
N/A
Interest crediting
Quarterly
For Individual:
- (2) Valid IDs
- (2pcs.) 2×2 Picture
For Corporate:
- Certificate of Registration issued by DTI, SEC and BSP
- Articles of Incorporation/Partnerships or Association and By Laws
- Board of Resolution (Notarized)
- Latest GIS
Deposits are insured by PDIC up to 500,000 per depositor
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Head Office Address:
J. M. Kalaw Street, Poblacion 5, Lipa City, Batangas 4217
Email:
kapartner@mcrbi.com.ph
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