Deposits
Saving Account
Significant Features:
- Any Individual can open this Account – singly / jointly.
- Minimum balance required to be maintained is Rs. 500/- only.
- Account can be opened by Minors too.
- Nomination facility is available.
- Debit Card/ATM Card immediately issued with opening of account.
- Free Mobile Banking (IMPS) Facility.
- Free NEFT/RTGS Facility.
- Free Demand Draft/Pay Order Facility.
- Free SMS Service.
- Personalized Cheque-book Service.
- Free Rs. 2 Lac PMSBY Insurance cover.
- Rs.2 Lac PMJJBY Insurance cover at an annual premium of Rs.330/-.
Requisites for opening of account:
- Duly filled Account Opening form.
- 2 photographs of each signatory.
- Photocopy of Pan Card or Duly filled Form 60.
- Aadhar Card.
In case of submission of Form 60, any one of the following five Officially Valid Documents is required –
- Passport.
- Driving License.
- Election Card.
- NAREGA Job Card issued by the State Govt.
- Letter with Name & Address issued by National Population Register.
All documents are need to be self-attested
Current Rate Of Interest:
| Account Type: | Percentage: |
| Saving Bank Account | 2.75 % |
| Premium Saving Account | 5.00 % |
| Super Saving Account | 6.00 % |
- Rates quoted are subject to change without notice.
CURRENT BANK ACCOUNT:
Current Account
This Account Can be Opened for:
- Any Individual – Singly or Jointly.
- Proprietorship Business.
- Partnership Business.
- Pvt. Limited Company.
- Limited Company.
- Any other Institution / Trust / Co-operative Society etc.
Significant features:
- Minimum Balance is Rs. 5000/- only.
- Nomination facility is available.
- Free NEFT / RTGS Facility.
- Free Mobile Banking (IMPS) Facility.
- Free SMS facility.
- Personalized cheque-book facility.
- Golden Current Account facility with free RTGS/NEFT service
- POS (Point of Sale) facility available.
Requisites for Opening of Account:
- Two business proofs (Government recognized).
- Duly filled Account Opening Form.
- 2 Photographs of each signatory.
- Following details required of Individual / Proprietor / Partners / Directors / Trustees / etc..
- Photocopy of Pan Card or Form 60.
- Aadhar Card.
In case of submission of Form 60, any one of the following five Officially Valid Documents is required –
- Passport.
- Driving License.
- Election Card.
- NAREGA Job Card issued by the State Govt.
- Letter with Name & Address issued by National Population Register.
Fixed Term Deposit
| Type | Details |
|---|---|
| Re-investment | Interest is re-invested & compounded on quarterly basis if the tenure of Deposit is 1 year or more. |
| Monthly Regular Income | Interest at discounted rate is paid on monthly basis. Ideal scheme for pensioner / retired / senior citizen |
| Short Term | Earn interest on idle money by depositing in this scheme for short duration i.e. Min 30 days. |
| Quarterly Income | Interest is paid on quarterly basis. |
Rate Of Interest:
Rate of interest effective from 01/11/2023
| Deposit Period | Rate of Interest |
|---|---|
| 30 Days to 45 Days | 4.00 % |
| 46 Days to 90 Days | 4.50 % |
| 91 Days to 180 Days | 5.50 % |
| 181 Days to Below 1 Year | 6.50 % |
| 1 Year | 7.50 % |
| Above 1 Year to 2 Years | 7.50 % |
| Above 2 Years to Below 3 Years | 7.50 % |
| 3 Years | 7.50 % |
| Above 3 Years | 7.00 % |
Notes:
- Interest paid by the bank shall be liable for TDS Deduction as per Government directions.
- Senior Citizens shall be paid 0.50 % extra Interest.
- Bank Employees shall be paid 1 % extra Interest.
- Rates quoted are subject to change without prior notice.
RECURRING DEPOSITS :
Recurring
Recurring Deposit Account.
Ideal saving scheme for salaried investors.
Significant Features:
- Any individual can open Recurring Deposit Account.
- Minimum amount of monthly Installment is Rs. 100/- only.
- Recurring Deposit Account is Accepted for Minors too.
- Nomination facility is available.
- Irregularity in the deposition of installment attracts penalty.
- Deposit installment on any working day of the month.
- Get desired amount on maturity by selecting installment amount.
Requisites for opening an account:
- Duly filled Account Opening form.
- 2 Photographs of each signatory.
- Photocopy of Pan Card or Duly filled Form 60.
- Aadhar Card.
In case of submission of Form 60, any one of the following five Officially Valid Documents is required :–
- Passport.
- Driving License.
- Election Card.
- NAREGA Job Card issued by the State Govt.
- Letter with Name & Address issued by National Population Register.
Current Rate Of Interest.
| Period | Rate of Interest |
| 1 Year | 7.50 % |
| Above 1 Year to 2 Years | 7.50 % |
| Above 2 Years to Below 3 Years | 7.50 % |
| 3 Years | 7.50 % |
| Above 3 Years | 7.00 % |
- In case of any discrepancy, Interest rate card available with Branch Manager shall prevail
- Rates quoted are subject to change without notice.