|
|
|
| |
| Rates
of Interest on Deposits : |
| |
|
| 30
days to 90 days |
6 % |
| 91
days to 180 days |
6.5 % |
| 181
days to 365 days |
7
% |
| 13
mths to 24 mths |
8 % |
| 25
mths to 36 mths |
7.5
% |
| 37
mths to 60 mths |
7
% |
| Above
60 mths |
6
% |
|
|
Senior
Citizen (60 + years)
Deposits for 13 months or more |
0.5
% More on above |
Salient
Features of our Fixed Deposit Schemes
:
- Monthly
Interest Scheme available. Interest
payable monthly either by cash or credited to the Bank account
of the depositor.
- Quarterly
Interest Scheme available. Interest payable quarterly either
by cash or credited to the Bank account of the depositor.
- Short
Term Automatic Renewal facility available.
- Deposit
Multiplier Scheme compounded quarterly. Interest amount
will be paid at the time of maturity.
- Deposit
period from 30 days to 60 months.
- 9%
Interest available on Monthly and Quarterly Schemes (For
Senior Citizens only).
- 85%
loan against deposit amount is available.
Salient
Features of our Recurring Deposit Schemes
:
- The
scheme is open for all categories i.e. Individual & Non-individual
entities.
- The
scheme has accepted for the period - minimum for 12 months
and in multiples of 3 months upto 60 months.
-
The minimum amount should be Rs. 100/-.
- It
is mandatory for the depositor to deposit the amount every
month.
- The
excess amount deposited in a given month will not be utilized
for payment of future installments.
- Installments
may be remitted by Standing Instructions by transferring
the amount each month from the Current / Saving Accounts
in the same branch or from another branch to their Recurring
Deposit account free of charge.
- If
the balance in the account be insufficient to make the transfer,
the standing instructions may be treated as cancelled under
advice to the depositor.
|
Protection
to Depositors under Deposit Insurance Credit Guarantee
Corporation
|
|
All
Depositors of the Bank are insured upto a maximum of
Rs.1,00,000/- (Rs One Lakh Only) for both Principle
and Interest amount.
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|
MILESTONES
|
-
Deposits 562 Cr
- Advances 397 Cr
- Business 959 Cr
- 8 to 8 service
- Lockers Facility
- Franking Service
- Insurance Business
- 250000 Plus customers |
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