Fixed Deposit Scheme

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Term Deposit

Term Deposit scheme to suit your requirement and future plan. You can not only earn higher income on your surplus funds by investing in any of our term deposit schemes, but also avail loan against those funds. Thus fulfill your need, multiply your funds as well as keep your savings secure.

Eligible to operate a Term Deposit Account:

  Individual - Single / Joint account
  Minor - Operated by natural guardian / appointed by court
  Trust - Private / Public
  Partnership firm
  Limited company - Private / Public
  Club, Association & Society

To open Term Deposit Account, you just need to provide:

  Duly completed account opening form
  Pan card /FORM 60- if, no Pan card
  Proof of Residence of the applicant(s)
  Proof of Photo Identification of the applicant(s)
  Proof of Age in case of senior citizen
  One recent passport size color photographs of Partner(s) / Director(s)
  Introduction by an existing customer, whose account is at least 6 months old OR
  Introduction letter of your existing bank verifying signature
  Submit Partnership deed with Registration receipt in case of Partnership firm
  Submit Memorandum of Association, Article of Association, Resolution in case of Company
  Board Resolution / Resolution in case of a company, an association

Fixed Deposit:

  Monthly interest at discounted rates
  Quarterly interest on deposits
  Half yearly interest on deposits
  yearly interest on deposits
  Senior Citizen can (avail) earn 0.50% extra interest for deposit more than 15 months.
  you can avail loan up to 90 % of the deposit if so desired.

This scheme is ideal for small depositors, salaried class and self-employed professionals with an intension of investing in household, consumer durables, higher education, etc.

Siddhi Deposit:

The Monthly or Quarterly Interest rate should be transfer to Saving A/c of Depositor or deposit in other Bank of Depositor through ECS. After matured Auto renewal facility also available in this scheme.

Features

  Compounded interest with quarterly rests
  You can avail loan up to 85 % of the deposit if so desired. This scheme is ideal for small depositors, salaried class and self-employed professionals with an intension of investing in household, consumer durables, higher education, etc.

Janta Vikas Patra:

Features

  Compounded interest with quarterly rests
  This scheme is ideal for people with long term investment plans
  Senior citizen can avail 0.5% extra interest
  You can avail loan up to 85 % of the deposit if so desired. This scheme is ideal for small depositors, salaried class and self-employed professionals with an intension of investing in household, consumer durables, higher education, etc.

Special Deposits Schemes (FDR):

Mangalmurti Thev Yojana:

Period Rate
700 Days 7.25%
701 Days to 1000 Days 7.00%

Anant Dhansamrudhi Thev Yojana:

  Invest Rs.91501/- for the period of 411 Days & get Rs.100001/-.

Terms & Conditions Apply:

✶ 1% penalty for premature withdrawal for all categories of Deposits.
✶ Additional 0.50% Interest for Senior Citizen Deposit above 15 Months.
✶ No additional interest on Bulk Deposits more than Rs. 10.00 Lakhs.
✶ Deduction of TDS for Annual Deposit Interest Above 40000/-for Regular And for senior citizen 50000/-