deposits

Savings Deposit

10.00 AM TO 2.00 PM AND 3.00 PM TO 6.00 PM
  1. Minimum Balance Rs.500/- to be maintained.
  2. Interest at 4% P.A on daily balance will be credited half yearly.
  3. Any Branch Banking facility available
  4. ECS direct debit and credit facility
  5. CTS cheque facility available
  6. Direct member of clearing house

Current Deposit

  1. Convenient for Individual/Traders/Businessmen/Firms and Companies
  2. Minimum Rs.1000/- Balance required to be maintained
  3. ECS direct debit and credit facility
  4. CTS cheque facility available
  5. Direct member of clearing house
  6. Cheques deposited for clearing before 12 Noon will be credited next day evening on full working day as per NPCI rules

Deposit interest Rates (w.e.f 03-09-2018)

31 days to 90 days 5.00% p.a.
91 days to 180 days 6.00% p.a.
181 days to 12 months 6.50% p.a.
above 12 months to 24 months 7.00% p.a.
above 24 months to 36 months 7.50% p.a.
above 36 months to 60 months 8.00% p.a.
above 60 months - -- 7.50% p.a.

  1. For Senior citizens 0.5% p.a. additional interest for above 1 year deposits only.
  2. Monthly interest will be paid in full(for senior citizens only).
  3. No penal interest on Pre maturity withdrawal of deposits.

Fixed Deposit

  • Secured way of Investment with high rate of returns. Flexibility of drawing interest
  • Either monthly or quarterly rests on customer frequency
  • Minimum investment is Rs.100/- and in multiples thereon
  • Accounts can be opened by Individuals, firms, trusts, HUF etc
  • Deposits are covered under insurance upto Rs.100000/- from DICGC
  • No penal interest for Prematurity withdrawal
  • Minimum period of 31 days and Maximum period is 10 years
  • Instant Loan facility available upto 90% on face value of the Deposit
  • Nomination facility available

Platinum Jubilee Cash Certificate

  • Attractive returns through interest capitalization on quarterly rests
  • Minimum Deposit is Rs.100 and in multiples of 100 thereon
  • Period of Deposit shall be minimum 12 months and in multiples of 3 months thereon.
  • Accounts can be opened by Individuals, firms, trusts, HUF etc
  • Loan facility available upto 85% on the Deposit amount or 70% on the accrued amount
  • Nomination facility available

Recurring Deposit-Monthly

  • Investor can deposit monthly a fixed amount in an account for a fixed period
  • Interest will be credited quarterly rests
  • Accounts can be opened by Individuals, firms, trusts, HUF etc
  • Loan facility available
  • Nomination facility available
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