DEPOSIT

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Deposit

CURRENT DEPOSIT

⤑ Convenient for Individual/Traders/Businessmen/Firms and Companies

⤑ Minimum Rs.3000/- Balance required to be maintained

⤑ CTS cheque facility available

RECURRING DEPOSIT-MONTHLY

⤑ Customer can deposit monthly a fixed amount in an account for a fixed period on monthly basis.

⤑ Rate of interest as applicable for Fixed Deposits

⤑ Interest will be provision on quarterly.

⤑ Accounts can be opened by Individuals, firms, trusts, HUF etc

⤑ Loan facility available

⤑ Nomination facility available

SAVINGS DEPOSIT

⤑ Minimum Balance Rs.500/- to be maintained without Cheque book.

⤑ Minimum Balance Rs.1000/- to be maintained with Cheque book.

⤑ Interest at 3.0% P.A on daily balance will be credited half yearly.

⤑ CTS cheque facility available

⤑ Nomination facility available

FIX Deposit interest Rates (Simple Interest) (w.e.f 01.12.2023)

FIX Deposit interest Rates (Simple Interest)
30 days to 45 days 4.75%
46 days to 90 days 6%
91 days to 180 days 6.25%
181 days to 365 days 7.50%
1 year to 2 years 8%
2 years to 3 years 8.1%
3 year to 5 years 7.9%
above 5 years 7.75%

For Senior citizens 0.5% p.a. additional interest