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 Quartely.
Interest will either paid in cash or credited to the Bank Account of the depositor
Term Deposit Certificate:
The Bank will issue a certificate in favour of the depositor /s showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.
Duplicate Certificate:
In case of loss of original Fixed Deposit Certificate the depositors would have to intimate the Bank immediately. On an application satisfying the prescribed rules the certificate indicating the particulars of the deposit will be issued to the depositor. The Bank will charge Duplicate Certificate at such rates as in force from time to time.
Loan against Deposit:
- 90% Loan against deposit amount is available.
- 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.
