Deposits

SAVINGS BANK:

This facility is available to customers to deposit and withdraw money as per their convenience. The facility is extended with or without cheque book as per the needs of the customer. Prompt and courteous service awaits our customers at our Branches.

CURRENT ACCOUNT:

Current Account with cheque book facility is offered by the Bank to its corporate and business clients. Clean and secured overdraft facility is also provided on the Current Account.

FIXED DEPOSIT:

The Bank offers attractive rates on Fixed Deposits for various maturity periods. Facility for drawing interest on a monthly or quarterly basis is provided.

Special deposits:

This facility is available to customers to deposit and withdraw money as per their convenience. The facility is extended with or without cheque book as per the needs of the customer. Prompt and courteous service awaits our customers at our Branches.

The interest rates for the various deposit schemes are given below:

Rate of Interest (per annum) on Deposits from 06.04.2020

Sl. No.
Particulars
Rate of Interest
1 Saving Deposits 4.00%
2 Current Accounts(Individuals)
FIXED DEPOSITS
1
15 days to 45 days 6.00%
2
46 days to 180 days 6.50%
3
181 days to 364 days 6.75%
4
Above 1 Year 7.00%
Additional Interest of 0.75% to Senior Citizens and Primary Agricultural Cooperative Societies
NRI Parents –  Above 50.00 lakhs – 1year above – 8.25%
Govt. Retired Employees + senior citizens –(0.75%+0.25%=1.00%)
 Purpose 2020 Special Deposit for 100 Days
 Available Upto 31.03.2020
 Minimum Deposit Amount Rs.1000/-
 Rate of interest 7.25% &0.75% Extra for Socities/Sr.Citizens
 Purpose Deposit for Retired Govt. Emp.
 Time period 1Yr., &[email protected] 8.50%
 Purpose Deposit Scheme for NRI Parents
 Min.Deposit amount Rs.50,00,000/- and above
  Time period min.1Yr. and above