Who Can Open an Account?
Minimum Deposit: Rs. 500/-
Interest:
Interest will be paid on the deposits at the rate in force from time to time.
Interest amount will be paid Monthly.
Interest will either paid in cash or credited to the Bank Account of the depositor
(Click Here to our Interest Rate Chart.)
Term Deposit Certificate:
The Bank will issue a certificate in favour of the depositors showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.
Loan against Deposit:
90% Loan against deposit amount is available.
General:
- The Bank reserves the right to alter, amend, and rescind the rules from time to time.
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- By a natural guardian i.e. father or mother approved by the Bank on behalf of a minor.
- Regarding deduction in TDS for Depositors
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