For further details kindly check our BOM template on Fees and charges on the home page
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
- 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 Deposit||Interest Rate W.E.F 05.05.2020|
|3 months and above but less than 6 months||0.65% i.e 0.15% above Savings Bank Rate|
|6 months and above but less than 12 months||0.70% i.e 0.20% above Savings Bank Rate|
|12 months and above but less than 24 months||1.00% i.e 0.50 % above Savings Bank Rate|
|24 months and above but less than 36 months||1.25% i.e 0.75% above Savings Bank rate|
|36 months and above but less than 60 months||1.50% 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%