| Fixed
Deposit (General) |
|
In this scheme the money can be deposited for a fixed
time period of 15 days or more. It can be withdrawn before
maturity date without any penalty in interest. If required
the interest on deposited money is payable either monthly/quarterly/halfyearly/yearly.
The interest rates applicable are as under: |
| Term |
Interest
Rate
|
For
Senior Citizen |
| 15 days to 45 days |
4.50% |
5.00%
|
| 46 days to 90 days |
5.75% |
6.25%
|
|
91 days to 180 days |
6.25% |
6.75%
|
| More than 180 days & less than one year |
7.25% |
7.75% |
| More than 1 year & less than Two year |
7.50% |
8.00% |
|
2 year |
7.75% |
8.25% |
| More than 2 Years |
8.00% |
8.50% |
|
| |
|
No
Interest Premature Payment before 45 Days
|
| |
|
For
senior citizen & their dependents(wife, husband,
son and daughter un-married) having joint account
the rate of interest would be more than the normal
rate of interest. |
| |
|
In
the case of premature payment before 45 days no
interest will be paid. |
| |
|
For armed forces retired personal and martyrs,
the rate of interest would be 0.25% more than
above rates. This rate will applicable only for
the deposits up to one (1) year or more than one
(1)year . |
| |
|
For
charitable trusts(Temples, Mosques, Gurudwara
and Church) & other registered charitable
trusts which follows income tax rules the rate
of interest would be 0 .25% more than above rates. |
|
|
| |
|
For FD of 15 Lakh or more Pls contact the Head Office. |
| |
| Fixed
deposit (Re investment) |
| The
interest rates for this scheme are same as for Fixed deposit
(general). In fixed deposit (Re-investment) scheme the
intrest rate is compounded quaterly. |
|
| |
| Recurring
deposit |
| Recurring
deposit A/C installments can be opened either with rupees
hundred or its multiples in monthly. The amount can be
deposited on any working day of the month. The rates of
intrest are as under: |
| Term |
Interest Rate |
For Senior Citizen |
| 1 Year |
7.50% |
8.00% |
| 2 Year |
7.75 % |
8.25 % |
| More Than 2 Year |
8.00% |
8.50% |
|
|
| |
| Saving
bank A/C |
| Saving
bank accounts can be opened with sum of Rs.200/- or
more. A credit balance of Rs.200/- should always be
maintained. The money can be withdrawn only twice a
week. The interest rate is 3.5%.
|
|
| |
| Mini
Deposits |
| In
this scheme the money can be deposited in the multiple
of Rs.5/-. At a time the maximum amount should not exceed
Rs.500/-. The amount must be deposited in cash only.
The interest is 10% per annum. If the amount is withdrawn
before a period of 5 years the intrest rates are as
under:
|
| 1 year |
2% |
|
2 year |
3% |
| 3 year |
5% |
| 4 year |
6% |
| 5 year & Above |
8% |
|
|
| |
| Current
A/C |
| Current
accounts are opened with sum of Rs.1000/- or more. A
credit balance of Rs.1000/- should always be maintained.
Account can be overdrawn only after previous arrangement
with the bank. There is no provision of interest for
current account.
|
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| TOP |
