Bank Deposit Schemes
» WHO CAN OPEN AN ACCOUNT:
- An Individual in his/her name
- More than one person jointly
- An illiterate person
- A blind / visually Impaired / Incapacitated Persons
- A guardian on behalf of minor in the minor's name
- Clubs, Association, ( only if registered)
- Local bodies, all types of Co-operative Societies or any other body
- Student who has completed 14 year of Age
- Interest will be calculated @ 4% p.a. on the basis of Daily Product and will be credited to the account at half yearly intervals in March and September
- Pass book will be supplied to every savings Bank depositor showing his account number, Name, address, transactions with date, amount and particulars
- If a minimum balance of Rs.500/- (for accounts without cheque book facility) and Rs 1000/- (for accounts with cheque book facility) is not kept, the Bank will charge incidental charges at the rates as in force from time to time. Also refer to our Service Charges elsewhere on this site for other incidental charges.
This account is meant for Individuals/Institutions having large number/volume of transactions, mainly for meeting their day to day business and operational requirements for parking their operational fund balances.
» WHO CAN OPEN AN ACCOUNT:
- An Individuals, Sole proprietor Concerns, Partnership Firms, Private/Public Sector Companies, Clubs, Associations, Trusts, Govt./Local Bodies, Cooperative societies, Religious/Educational/Charitable Institutions, Registered/Unregistered societies etc.
» Initial Deposit for opening Currrent Account & minimum balance to be maintained in the account: Rs. 3000/-
» INTEREST:
- No Interest will be paid on the balance in Current Account
» STATEMENT OF ACCOUNT:
- Bank will issue statement of account to the accountholder once in a month
- WHO CAN OPEN AN ACCOUNT:
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- By a natural guardian i.e. father or mother approved by the bank on behalf of a minor.
- MINIMUM DEPOSIT: Rs. 500/-
- INTEREST:
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid at the time of maturity.
- TERM DEPOSIT RECEIPT:
- The Bank will issue a receipt in favour of the depositor /s showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.
- DUPLICATE RECEIPT:
- In case of loss of original Fixed Deposit Receipt the depositors would have to intimate the Bank immediately. On an application satisfying the prescribed rules the certificate indicating the particulars of the deposit will be issued to the depositor. The Bank will charge Duplicate Receipt Charges at such rates as in force from time to time.
- GENERAL:
- The Bank reserves the right to alter, amend, rescind the rules from time to time.
- LOAN AGAINST DEPOSIT:
- 90% Loan against deposit amount is available
for more details contact our nearest Branch
- WHO CAN OPEN AN ACCOUNT:
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- By a natural guardian i.e. father or mother approved by the bank on behalf of a minor.
- MINIMUM DEPOSIT: Rs. 500/-
- INTEREST:
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid Monthly.
- Interest credited to the Bank Account of the depositor
- TERM DEPOSIT CERTIFICATE:
- The Bank will issue a certificate in favour of the depositors showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.
- LOAN AGAINST DEPOSIT:
- 90% Loan against deposit amount is available.
- GENERAL:
- The Bank reserves the right to alter, amend, rescind the rules from time to time.
- WHO CAN OPEN AN ACCOUNT:
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- By a natural guardian i.e. father or mother approved by the bank on behalf of a minor.
- MINIMUM DEPOSIT: Rs. 500/-
- INTEREST:
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid Quartely.
- Interest credited to the Bank Account of the depositor
- TERM DEPOSIT CERTIFICATE:
- The Bank will issue a certificate in favour of the depositor /s showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.
- DUPLICATE CERTIFICATE:
- In case of loss of original Fixed Deposit Certificate the depositors would have to intimate the Bank immediately. On an application satisfying the prescribed rules the certificate indicating the particulars of the deposit will be issued to the depositor. The Bank will charge Duplicate Certificate at such rates as in force from time to time.
- LOAN AGAINST DEPOSIT:
- 90% Loan against deposit amount is available
The advantage in opening a Recurring Deposit Account that the depositor would be able to save certain sums in fixed monthly installments so that he / she would be able to meet an anticipated liability / obligation after the end of a specified period.
- WHO CAN OPEN AN ACCOUNT:
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- By a natural guardian i.e. father or mother approved by the bank on behalf of a minor.
- MINIMUM DEPOSIT: Rs. 100/-
- INTEREST:
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid at the time of maturity.
- PASS BOOK:
- The Bank will issue a Pass Book showing the name, address ,installment amount, the period for which the deposit is accepted, maturity date and maturity amount.
- LOAN AGAINST DEPOSIT:
- 90% Loan against deposit amount is available.
- GENERAL:
- The Bank reserves the right to alter, amend, rescind the rules from time to time