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Deposit

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SAVINGS DEPOSIT

⤑ Minimum Balance Rs.500/- to be maintained.


⤑ Interest at 4% P.A on daily balance will be credited Quarterly.


⤑ Any Branch Banking facility available


⤑ ECS direct debit and credit facility


⤑ CTS cheque facility available


⤑ Direct member of clearing house


⤑ Personalized cheque book facility is available across all the branches.

CURRENT DEPOSIT

⤑ Convenient for Individual/Traders/Businessmen/Firms and Companies


⤑ Minimum Rs.1000/- Balance required to be maintained


⤑ ECS direct debit and credit facility


⤑ CTS cheque facility available


⤑ Direct member of clearing house


⤑ Cheques deposited for clearing before 12 Noon will be credited next day evening on full working day as per NPCI rules


RECURRING DEPOSIT-MONTHLY

⤑ Investor can deposit monthly a fixed amount in an account for a fixed period on monthly basis.


⤑ Interest will be credited quarterly rests.


⤑ Accounts can be opened by Individuals, firms, trusts, HUF etc


⤑ Loan facility available


⤑ Nomination facility available





RECURRING DEPOSIT SCHEME

⤑ Invest Rs. 1,380/- per month for 60 months
Maturity Amount Rs. 1,00,588/-
For Senior citizen Rs. 1,01,929/-


⤑ Invest Rs. 13,800/- per month for 60 months.
Maturity Amount Rs. 10,05,878/-
For Senior citizen Rs. 10,19,294/-


Terms & conditions:

⤑ Invest in multiples of Rs. 1400/-

⤑ Maturity amount are subject to TDS Deduction

⤑ Loan facility can be availed as per the existing scheme

⤑ Other conditions are as per the existing recurring deposit scheme


CENTENARY CASH CERTIFICATE

⤑ Money will be doubled in 111 months.


⤑ No additional interest rate for senior citizens.


⤑ Minimum deposit Rs. 5000/- and in multiples of Rs. 1000/- thereon.


⤑ In the event of pre-closure applicable card rate minus 1% penalty will be levied.


⤑ Loan facility available – 80% on the face value or 75% on the accrued value.


⤑ Rate of Interest on loans will be 2% extra than provided on the Certificate.


Deposit Interest Rates (w.e.f 15.04.2024)

FIX Deposit Interest Rates (Simple Interest)
For 15 days to 90 days 3.50%
For 91 days to 180 days 4%
For 181 days to 364 days 5%
For 1 year to 2 years 7%
above 2 years to 3 years 6.5%
above 3 years to 5 years 6.00%

For Senior citizens 0.5% p.a. additional interest

Fixed Deposit for 400 days @ 7.50%

Extra interest of 0.5% available on single deposit of Rs 50,00,000/- & above