Bank Providing Deposit Account with feature of automatic compounding of accrued interest which yields higher returns, making your investments grow faster. Ideal for planning your future financial commitments.
Fixed Deposits
A Fixed Deposit Account can be opened by Individuals / Minors /Institutions/ Associations/ Regd. Co-op. Societies / Trusts / HUFs.
Features & Benefits
- Minimum initial deposit amount is Rs.1000/- with no Ceiling for the maximum deposit amount
- Deposit Period ranges from 91 Days to 10 years
- Individual Deposit /Joint Deposit /Deposit in the name of Minors with guardian can be made
- The depositor desires to have interest payment on monthly, quarterly / half yearly or yearly basis, he should mention this in the Account Opening Form while opening the account. The Bank will take note of this and pay the interest amount accordingly
- SMS Alerts for Transactions.
- Additional 0.75% Interest Rate for senior citizen
- Nomination facility.
- Loan can be granted up to 85% of the deposit amount against the pledge of Deposit as per existing norms.
- In case of payment before maturity there will be 1% deduction
- PAN Card is mandatory if aggregate amount of deposit is Rs. 50,000/-and above.
Officially Valid Documents
Two latest passport size photographs and any one of the officially valid documents as Identity and Address proof from the list below,
- Aadhar Card
- PAN Card
- Voter's Identity Card
- Driving License
- Passport
- Ration Card
- Electricity Bill
- Telephone Bill
General Rules
- Account not operated for more than two years will be treated as inoperative/dormant account.
- Bank reserves the right to alter, revise and cancel the rules from time to time.
Click here for Deposit Interest Rates
