Call Us: 0496 2550 185
Mobile: 9495 200 230
Call Us: 0496 2550 185
Mobile: 9495 200 230
Deposits for a fixed term and with a fixed rate of interest (simple interest) Interest may be adjusted to your savings / current account in pre-defined intervals.
senior citizens i.e. persons who have attained 60 or more years of age will be paid .50% in addition to the rates specified above.
Depositors have the facility of premature closure. The interest will be calculated at the rate of Two percentage less than the prescribed period rate for which the deposit remains with the bank.
80% of the deposit can be availed as loan. Interest for this loan will be charged at 2% above the contract rate. If the deposit is closed prematurely the rate of interest for the loan is same as at the time of issue.
Nomination facility is available for this type of accounts.
Standing Instruction facility for credit of periodic interest available.
The banks offer a wide range of period; from 16 days to 5 years.
The interest rate varies according to the duration of deposits.
The interest rate for various period slabs are as under.
| Term | Ordinary Customers | *Senior Citizen | Coop. Societies | Local Self Gov. |
|---|---|---|---|---|
| 16 days and above – up to 45 days | 5.5 % | 6 % | 5.5 % | 5.5 % |
| 46 days and above – up to 90 days | 6 % | 6.5 % | 6 % | 6 % |
| 91 days and above - up to 179 days | 6.5 % | 7 % | 6.5 % | 6.5 % |
| 180 days and above - up to 364 Days | 7 % | 7.5 % | 7 % | 7 % |
| 1 Year to 2 Year | 8 % | 8.5 % | 8 % | 8 % |
| Above 2 Year | 8.1 % | 8.6 % | 8.1 % | 8.1 % |
*Senior Citizen means customers who completed 60 years of age.
Our agents will reach your office, business place or your residence to accept the daily amounts. Period of deposit – 1 year (consult our agents for details.)
Saving Bank Account has been introduced in banks with a primary intention of developing the saving habits of ordinary people. It allows one to deposit his cash in the bank even in small amounts and withdraw his money whenever he wants. Safety is one of the attractive benefit. An SB Account offers a moderate interest rate also. The rate of interest as per Reserve Bank of India Guidelines.
A minimum amount of Rs.500/- (Rupees Five hundred only) should be remitted while opening an account, and the same should be kept as minimum balance all the time.
For availing cheque book facility a minimum balance of Rs.500/- is to be kept in the account.
An account that is not being operate continuously for 24 months will be treated as inoperative accounts. For this purpose, interest crediting entry is not treated as a transaction.
Request for closure of account should be in writing. Signed by all the account holder/s and shall submit the pass book and unused cheque leaves, if any, with the request letter for closure.
The Bank reserves the right to close an account if it is not operated satisfactorily, or any other valid reasons. Such as frequent return of cheque for want of funds etc.,
Nomination facility is available for this type of accounts.
Current Account is mainly for businessmen, firms, companies, public enterprises etc. which do numerous daily banking transactions. In a Current Account the account holder can deposit or withdraw money as many times, limiting to the availability of amount in his account. It is zero-interest based deposit, which means the amount in the Current Account will not get any interest. It is meant only for the convenience of money transactions.
Minimum Balance - Rs.1000 (A/c with cheque book)