Minimum Period of Deposit:

• 30 days for all fixed deposits.
• 1 year for Cash Certificates and Recurring Deposits.

No penalty for Premature Withdrawal of Term Deposits.

Loan / Overdraft facility available against all the Term Deposits upto 90 % of the deposit amount.

Minimum Deposit Amount:

• Rs. 100.00 for Fixed Deposit and Cash Certificates.
• Monthly installment of Rs. 50.00 and in multiples of Rs. 10.00 there onwards for Recurring Deposits.

Nomination facility available for all deposits.

Total deposits of a customer uptoRs. 1,00,000.00 is insured under Deposit Insurance & Credit Guarantee Corporation of India, Mumbai.

Due date for RD installment payment : On any day of the calendar month (On or before the month end) subject to a condition that the last installment be paid on or before the due date of the month.

Penalty for the default in payment of RD/NYD monthly installment.

• A/c of period 5 years and Less –Rs. 1.50 per Rs.100.00 per month.
• A/c of period 5 years and above –Rs. 2.00 per Rs. 100.00 per month.

SB accounts can be opened in the following categories:

• An individual in his own name.
• More that one person in their joint names.
• A guardian on behalf of the minor.
• Clubs, Associations, Charitable institutions and Professionals, Society, Trust etc. with Certificate from Income Tax Authorities regarding exemption of their income from payment of income tax.

Free accidental policy up to Rs. 2.00 lakhs will be given to the SB A/c holders who give consent to maintain Rs. 5,000.00 minimum balance in their account on daily basis.

Minimum Balance to be maintained in the Account is Rs. 1000.00 with cheque book facility and Rs. 500.00 without cheque book facility.

Savings No frill Account: Savings Bank account can also be opened with minimum balance of Rs.100/- with other conditions.

Current Account is meant for those who operate the account frequently. This account can be opened by Traders, Businessmen, Corporate bodies, Wholesalers, Retailers, Distributors etc.

Minimum balance to be maintained in the account is Rs. 2000.00.

Fixed Deposit can be opened by any person or Trusts, firms, institutions etc. This account can be opened for a fixed amount for a fixed period at the prescribed rate of interest.

Interest on Fixed Deposit is paid Monthly / Quarterly / Half yearly or Yearly either by cash / pay order / transferring to their a/c / by transferring to their a/c through RTGS / NEFT.

Interest will be compounded on quarterly basis and at the time of maturity deposit amount along with interest will be paid to the depositor.

In this deposit scheme depositor deposits a fixed monthly instalment every month for a fixed period at the prescribed rate of interest. Interest will be compounded on quarterly basis and at the time of maturity deposit amount along with interest will be paid to the depositor.

Under this deposit scheme, a depositor deposits fixed monthly instalment (Minimum Rs.5,000.00) every month for 120 months and after maturity, matured deposit amount will be invested in Fixed Deposit and Monthly interest will be paid to the Depositor in the form of Pension.