Open MACT Claims SB Account Online in India | SBI - Personal Banking
Motor Accidents Claim Account (MACT)
Features
Motor Accident Claim Tribunal (MACT) is to credit the compensation amount/Interest on MACAD (Motor Accident Claim Annuity Deposit) awarded by a Tribunal/Court to victims/claimants of motor accident.
- Existing SB Interest Rate applicable
- Nomination Facility for individual only
- Passbook facility is available
- Welcome Kit
- Cheque Book facility available *
- ATM cum Debit Card available *
- Internet Banking available *
*These facilities will be available with the permission of the court only. By default, such facilities would not be made available.
Eligibility
- All Individuals including Minors (through guardian) having valid KYC documents are eligible to open account in single name.
Other conditions
- A suitable certificate /undertaking (enclosed as Annexure II) that “funds are being withdrawn for the benefit of the Minor” to be obtained from the guardian, in case of withdrawal from the Minor’s account.
- The operations in the account should be stopped in the event of the death of the guardian.
- Compliance of KYC guidelines to be meticulously ensured.
Last Updated On : Wednesday, 09-02-2022

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.45%
3 years to less than 5 year
5.50%
5 years to less than 10 years
Savings Accounts Landing Page
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Resident Foreign Currency (Domestic) Account

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.45%
3 years to less than 5 year
5.50%
5 years to less than 10 years