An ideal scheme for High Return on your deposits and to supplement your income

TERMS AND CONDITIONS

  • Minimum deposit amount of Rs 10,000.-
  • Minimum period of deposit – 12 months
  • Maximum – 60 months

FEATURES

  • Overdraft against deposit provided on demand up to 90% of deposit amount without any guarantor.
  • Loan against deposit provided on demand up to 95% of deposit amount without any guarantor.
  • In case of premature payment, the deposit has to run for a minimum period of three months to earn interest.

In case it has run for more than three months, interest @ 1% below the rate applicable for the period deposit has run with the banks will be paid.

  • Accepted as margin for non-fund based facility
  • Accepted as collateral for overdrafts and loans

INTEREST PAYMENT ON DEPOSIT UP TO Rs5.0MN W E F 25.08.2016

  • Rate of interest depends on maturity period and is linked to Savings Bank Rate.
  • Interest is payable monthly/quarterly/annually as per your convenience.
  • Interest may be credited to your SB account .
  • Present Rates of Fixed Deposits are:
Period of DepositInterest Rate W.E.F 05.05.2020
3 months and above but less than 6 months0.65% i.e 0.15% above Savings Bank Rate
6 months and above but less than 12 months0.70% i.e 0.20% above Savings Bank Rate
12 months and above but less than 24 months1.00% i.e 0.50 % above Savings Bank Rate
24 months and above but less than 36 months1.25% i.e 0.75% above Savings Bank rate
36 months and above but less than 60 months1.50% i.e. 1.00% above Savings Bank Rate

INTEREST PAYMENT ON DEPOSIT Rs5.0MN & ABOVE

  •  Rate of Interest will be fixed on request from 0.25% to 3.50%

For further details kindly check our BOM template on Fees and charges on the home page