Presently Bank is paying interest at 3.00% on all Domestic Saving Bank Deposits irrespective of the amount on the basis of end-of-day balance in the account. KYC norms for opening of account is applicable for these accounts. Under KYC proof of residence & proof of identification will be required along with recent photograph of the applicant/s
Current Accounts are basically meant for businessmen and are never used for the purpose of investment or savings. These deposits are the most liquid deposits and there are no limits for number of transactions or the amount of transactions in a day. Most of the current accounts are opened in the names of firm / company accounts. Cheque book facility is provided and the account holder can deposit all types of the cheques and drafts in their name or endorsed in their favour by third parties. No interest is paid by bank on these accounts. Moreover, Bank charges certain service charges on these accounts.
Our Bank has tied up with other public sector & private Banks to carry out NEFT/RTGS for quick fund transfers anywhere in the country. NEFT/RTGS system is a funds transfer mechanism where transfer of money takes place from one bank branch to another bank branch. You can send to any person of any bank instantly. This service is available at all our branches.
As the NEFT/RTGS transactions are not carried out by the bank directly, the remitting customers are required to come to the bank at least one hour before the service closing time so that the required NEFT/ RTGS transactions can be carried out quickly on the same day through its sponsored Bank.
Recurring Deposit (R.D) is a special type of deposit account which enables a depositor particularly in fixed income group to save by paying into the account an agreed fixed sum of money monthly over a stipulated period. The deposits in this type of account earn compound interest on quarterly basis.
| Deposits Period | Normal Citizen | Senior Citizen |
|---|---|---|
| 15 Days To 60 Days | 4.25 % | 4.75 % |
| 61 Days To 180 Days | 5.50 % | 6.00 % |
| 181 Days To 365 Days | 6.25 % | 6.75 % |
| 366 Days To 730 Days | 6.75 % | 7.25 % |
| 731 Days To 1095 Days | 7.25% | 7.75% |
| 1096 Days To 1825 Days | 8.25% | 8.75% |
| Above 1826 Days | 9.00 % | 9.50 % |
Short term Deposits are those which are having a deposit period of less than 181 Days.
| Deposits Period | Normal Citizen | Senior Citizen |
|---|---|---|
| 15 Days To 60 Days | 4.25 % | 4.75 % |
| 61 Days To 180 Days | 5.50 % | 6.00 % |
| 181 Days To 365 Days | 6.25 % | 6.75 % |
| 366 Days To 730 Days | 6.75 % | 7.25 % |
| 731 Days To 1095 Days | 7.25% | 7.75% |
| 1096 Days To 1825 Days | 8.25% | 8.75% |
| Above 1826 Days | 9.00 % | 9.50 % |
Long term Deposits are those which are having the deposit period of above 181 Days.
| Deposits Period | Normal Citizen | Senior Citizen |
|---|---|---|
| 15 Days To 60 Days | 4.25 % | 4.75 % |
| 61 Days To 180 Days | 5.50 % | 6.00 % |
| 181 Days To 365 Days | 6.25 % | 6.75 % |
| 366 Days To 730 Days | 6.75 % | 7.25 % |
| 731 Days To 1095 Days | 7.25% | 7.75% |
| 1096 Days To 1825 Days | 8.25% | 8.75% |
| Above 1826 Days | 9.00 % | 9.50 % |
Money invested in this type of deposit provide the accrued interest at the end of term of the deposit only, which will be calculated on quarterly compounding basis. The maturity proceeds will be paid by crediting depositor’s individual savings/current account. These deposits can be opened in the name of individuals or institutions, operated by singly or jointly when there are more than 1 depositor.
| Deposits Period | Normal Citizen | Senior Citizen |
|---|---|---|
| 15 Days To 60 Days | 4.25 % | 4.75 % |
| 61 Days To 180 Days | 5.50 % | 6.00 % |
| 181 Days To 365 Days | 6.25 % | 6.75 % |
| 366 Days To 730 Days | 6.75 % | 7.25 % |
| 731 Days To 1095 Days | 7.25% | 7.75% |
| 1096 Days To 1825 Days | 8.25% | 8.75% |
| Above 1826 Days | 9.00 % | 9.50 % |
Money invested in this type of deposit provide the Monthly/Quarterly/Half-yearly/Yearly Payouts to their Savings/Current account of the Depositors whichever is mentioned as Interest transfer Account at the time of opening of the Deposit. These deposits can be opened in the name of individuals or institutions operated by singly or jointly when there are more than 1 depositor.
| Deposits Period | Normal Citizen | Senior Citizen |
|---|---|---|
| 15 Days To 60 Days | 4.25 % | 4.75 % |
| 61 Days To 180 Days | 5.50 % | 6.00 % |
| 181 Days To 365 Days | 6.25 % | 6.75 % |
| 366 Days To 730 Days | 6.75 % | 7.25 % |
| 731 Days To 1095 Days | 7.25% | 7.75% |
| 1096 Days To 1825 Days | 8.25% | 8.75% |
| Above 1826 Days | 9.00 % | 9.50 % |
All ATM/DEBIT Card Services for Savings Accounts, Current Accounts & Cash Credit Accounts to make withdrawals, deposits, or balance enquiries at participating ATMs and E-com transactions through internet online purchase transactions and POS transactions.
Any individual singly in his own name and jointly with any other person can open the account. Our Bank Daily Collection Agents will collect money from customer. The initial minimum deposit for opening the account is Rs. 100/- thereafter the depositor can deposit any amount in the multiples of opening amount daily. The lock in period of the deposit is 1 year and avail loans on daily deposits after 6 months. In case of premature withdrawals, no interest will be paid.
*The Bank reserves the right to alter, amend, rescind the rules from time to time.
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