Deposit Accounts
 

SAVINGS BANK ACCOUNTS : We pay an interest @ 4 % on such an account. Savings account may be opened either individually or jointly. This account may be opened with a minimum balance of Rs.500/- (without cheque facility) and Rs.1000/-(with cheque facility).We also open BASIC SAVINGS BANK DEPOSIT ACCOUNTS with zero balance.

FIXED DEPOSIT ACCOUNTS SCHEME:Your money grows faster in this scheme, and the amount has to be kept for a specific period. Simple Interest is paid under this scheme .

RECURRING DEPOSIT SCHEME: This scheme is suitable for regular monthly earners .Interests Compounded quarterly are applicable in this scheme. A minimum deposit of Rs.5/- and multiples thereof for a period of ten years can be deposited every month to get a maturity value after completion of the stipulated period.

MONTHLY INCOME FIXED DEPOSIT SCHEME: This scheme is a tailor made scheme for those who want to deposit a big amount and avail monthly interests.

CASH CERTIFICATE DEPOSIT SCHEME: A small amount is deposited with the bank for a specified period as suitable for a depositor, to get a bigger lumpsum amount on maturity. Interest in this scheme is applied quarterly.

DAILY DEPOSIT ACCOUNT SCHEME: Our authorized agents collect your money from your doorstep everyday for a period of 1 year. This is a unique scheme for small depositors & petty traders. Minimum deposit is Rs.5/- and maximum deposit is Rs.500/-.Loans against the deposit and premature closure is permissible under this scheme.

LAKHPATI RECURRING DEPOSIT SCHEME: A unique scheme, where you deposit an amount of Rs.1000/- per month for a period of 75 months, and earn a Maturity amount as per the chart given below: Premature closure and loans against the deposited amount is permissible as per usual norms.

 

Category

Period of Deposit

Amount of Deposit per month

Maturity Value

General

75 months

Rs.1000.00

Rs.1,00,703.00

Senior Citizens

75 months

Rs.1000.00

Rs.1,02,421.00

OUR BANK IS GOING FOR CBS AND INSTALLATION OF ATMs VERY SOON.