Deposit Services

FIXED DEPOSIT ACCOUNT

Regular FD Account

· Fixed deposit scheme is an attractive scheme to deposit your savings for fix period for 15 days to 60 Months.

· We provide attractive Interest Rates to our Customers from time to time.

· We offer 0.50% extra Interest Rate to Senior Citizens (Age 60 or above) on fixed deposits.

· We offer 0.50% extra Interest Rate to Super Senior Citizens (Age 75 or above) on fixed deposits.

· Guardian can open Minor Fixed deposit A/c. When minor turns major then at maturity he/she can withdraw the amount with his/her signature, after providing valid age proof.

· We offer nomination facility for all deposit accounts.

· We provide quarterly, half yearly, yearly Interest payment to our customers on their existing Fixed Deposits as per their instruction. We also provide monthly interest as per RBI guidelines.

· Loan and Overdraft facility is available against Fixed deposit receipt.

· The maturity date of Loan and Overdraft Account against Fixed Deposit is maturity date of Fixed Deposit Receipt.

· TDS on Interest income will be deducted as per Income Tax Act.

· We are member of Deposit Insurance and Credit Guarantee Scheme [DICGC] in which customers deposit are insured up to Rs. 5 Lac.

Rules & Regulation for FD Account

· Depositor has to fulfill KYC norms as per RBI directives.

· Customer can Open Fixed Deposit A/c with minimum of Rs.1000/-

· Guardian can open Minor Fixed Deposit A/c. When minor turn major then after providing valid age proof he/she can withdraw the amount with his/her signature.

· In the case of premature withdrawal of deposit the Applicable rate of interest minus 1% penalty will be imposed.

· Applicable rate of Interest: Means the lower of interest rate between the existing rate of interest for which the deposit remains with the bank OR the prevailing rate of interest for which the deposit remains with the bank.

· All rights reserved to the Bank management to Change the Interest Rate of the Fixed Deposit Scheme without prior notice. Change of Interest rate will be applicable to new deposits only.

· The Bank having the rights of appropriation, set off of lien deposits on maturity.

Requirements to open FD Account

· Valid Photo I.D. & Address Proof of proprietor / partners /directors

· (A) Any one of proof for all partners/ directors or proprietor (Photo Id)
1.Passport

2.Driving License

3.Voter ID Card

4.Government Approved College/university I.Card

5. Government/Semi government/Department I.Card

6. Aadhar Card

(B) Address Proof(Any One)
1. Electricity Bill (not more than 2 months old)

2. BSNL Landline Telephone Bill (not more than 2 months old)

3.Municipal Tax Bill

· Other proof acceptable by Bank.

· Passport Size Photograph - 2 Copies

· Pan Card

· Birth Certificate for minor a/c.

· Senior Citizens have to produce age proof to avail extra Interest Rate benefit.

RECURRING DEPOSIT ACCOUNT

Regular RD Account

· Recurring Deposit is a monthly Scheme. Customer can Open Recurring A/c with minimum of Rs.100/- per month and in count of Rs. 100/- thereafter i.e. Rs.100/-, Rs.200/-, Rs. 300/- etc.

· Customers can open Recurring account for 12, 24 and up to 60 Months.

· We offer nomination facility for all deposit accounts.

· We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposit are insured up to Rs. 5 Lac.

Rules & Regulation for RD Account

· Depositor has to fulfill KYC norms as per RBI directive.

· Guardian can open Minor Recurring A/c. When minor turn major there after providing valid age proof he/she can withdraw the amount with his/her signature.

· Every Depositor must have to deposit their monthly installments regularly till the maturity of account.

· If Depositors failed to deposit Installment on regular basis, penalty will be levied.

· The maturity amount is payable after 30 days from the date of last instalment deposited.

· The Savings rate of interest will be applicable if the recurring deposit account of 12 months close before maturity.

· No interest will be applicable on excess installments deposited.

· Standing instruction will be accepted for transfer of monthly installments from other accounts maintained by the account holder.

· The Bank having the rights of appropriation, set off of lien deposits on maturity.

· 1% penalty in the interest will be applicable on withdrawal before maturity.

Requirements to open RD Account

· Valid Photo I.D. & Address Proof of proprietor / partners /directors

(A) Any one of proof for all partners/ directors or proprietor (Photo Id)
1.Passport

2.Driving License

3.Voter ID Card

4.Government Approved College/university I.Card

5. Government/Semi government/ Department I.Card

6. Aadhar Card

(B) Address Proof(Any One)
1. Electricity Bill (not more than 2 months old) 2. BSNL Landline Telephone Bill (not more than 2 months old) 3.Municipal Tax Bill

· Other proof acceptable by Bank.

· Passport Size Photograph - 2 Copies

· Pan Card

· Birth Certificate for minor a/c.