Deposit Schemes


Deposit Schemes

  • Fixed Deposits (Quarterly)

    The following schemes are available under Fixed Deposits (Term Deposits):-

    Simple Fixed Deposit (Quarterly Interest)

    Quarterly Interest-cum-Recurring Deposit (Compounding Interest payable on Maturity)

    Cash Certificate

    Monthly Interest Deposit

    These schemes are applicable to individuals and non-individuals.

    Benefits:-

    Attractive interest rates are made available to customers for their investments with us.

    The below mentioned are the rate of interest on deposits ( other than Foreign Currency, Non-resident Accounts, Non-resident (External) Rupees Accounts and other Foreign Currency Accounts.)


    Term Deposits:-

    Effective from 9th January 2012:-

    Duration of Term Deposit General Rate of Interest (% p.a.) Senior Citizen Rate of Interest (% p.a.)
    30 days to 90 days 5.0 5.5
    91 days to 180 days 5.5 7
    181 days to less than one year 7.5 8.0
    13 to 37 months 10.0 11.0
    38 months and 60 months 10.25 10.75
    61 months and above 10.5 11.0


    - Simple interest will be applied on annual basis.

    - Housing societies and their Associations and Urban banks will get 0.50% more interest on Term Deposit of single amount of Rs.15 Lacs and above kept for a period of 500 days, and 3 to 5 years.

    - Senior Citizen will get 0.5% more than the above rates.

    - TAX BENEFIT TERM DEPOSIT SCHEME - 2006

    a) Senior citizens who have completed 60 years of age will earn the interest 0.5 % more on above mentioned rates.

    b) The bank also accepts NRI and FCNR (B) deposits

    Documents Required:-

    Completion of 18 yrs of age.

    Copy of:-

    a) Ration Card (First & Last page) OR

    b) Passport OR

    c) Election Card OR

    d) Any authorised Identification

    Minimum Deposit Amount: Rs. 500/- in multiples of Rs. 100/-:-

    a) Address

    b) Phone no

    c) PAN No. necessary. If not allotted form no. 60 to be filled.2 Photographs for each Account.

    Mode of Operations:-

    a) Either OR Survivor, Anyone OR Survivor, Severally Anyone OR Former

    b) Saving A/c with us

    c) The age proof is required in case of Senior citizen .

    d) School leaving certificate.

    e) Insurance policy

    f) Election Card

    g) Passport

    h) Any authentic proof.

    Bank registered under DICGC for the safety of deposit holders in which customer is insured up to Rs.1,00,000/- on his/her deposit/s

  • Reinvestment Deposits
    its sample text. you can update it by yourself
  • Short Term Deposit
    its sample text. you can update it by yourself
  • Recurring Deposits

    Recurring Deposits account can be opened by Individuals and Non-individuals(Co-operative Societies). These deposits will be in equal monthly installments. The number of monthly installment may be from 12 to 33. Each monthly installment will be Rs. 50/- or an exact multiple of Rs. 50/-. The depositor shall at the time of opening the account stipulate both the amount of the monthly installment and the total number of installments to be payable by him and shall not subsequently alter or vary them.

    Benefits:-

    The loan not exceeding 75% of the amount deposited may be allowed to depositor subject to condition and interest on such loan at the rate will be charged half yearly at the rate not less than 2% above the fixed deposit rate for the similar period for which the Recurring Deposit is opened.

    The below mentioned are the rate of interest on deposits ( other than Foreign Currency, Non-resident Accounts, Non-resident (External) Rupees Accounts and other Foreign Currency Accounts.)

    Term Deposits:-
    Effective from 9th January 2012:-
    Duration of Term Deposit Rate of Interest (% p.a.)
    30 days to 45 days 6.5
    91 days to 180 days 7.0
    181 days to less than one year 8.0
    1 year 9.0
    2 year 9.0
    3 year 9.0
    5 year 9.0

    - Simple interest will be applied on annual basis
    - Housing societies and their Associations and Urban banks will get 0.50% more interest on Term Deposit of single amount of Rs.15 Lacs and above kept for a period of 500 days, and 3 to 5 years.
    - Senior Citizen will get 0.5% more than the above rates
    - TAX BENEFIT TERM DEPOSIT SCHEME - 2006

    1) Senior citizens who have completed 60 years of age will earn the interest 0.5 %more on above mentioned rates.
    2) The bank also accepts NRI and FCNR (B) deposits

    Documents required:-

    1) Account Opening Form
    2) PAN/Gir No./Form No. 60/61
    3) Residential Address Proof
    4) Introduction bby Saving or Recurring Bank A/c Holder.
    5) The installment for any calendar month must be paid on or within 3 days of the stipulated date.
    6) Standing instructions from a depositor for transfer of monthly installments from his saving Bank or Current account will be accepted.
    7) The cheques will not ordinarily be accepted in payment of installments, but special request may be considered.

  • Pigmy Deposits

    We understand our customers that they are busy with their works and don't have time to a bank to deposit money or make a saving.

    we have areawise agent to collect the pigmy amount on daily basis/ weekly or monthly.

    We have attractive schems for pigmy deposits.

    contact the nearst branches to know more...