Fix deposit scheme is an attractive scheme to deposit your savings for fix period for 30 days to 10 years as per your future requirements.
We provide attractive Interest Rates to our Customers.
We offer 0.50% extra Interest Rate to Senior Citizens on fix deposits.
Guardian can open Minor’s Fix deposit A/c. When minor turn major then at maturity he/she can withdraw the amount with his/her signature.after providing valid age proof he/she.
We offer nomination facility for all deposit accounts
Customer can open joint name fix deposit account and can give instruction to operate the account.
We provide quarterly and monthly Interest payment option to our customers.
Loans and Overdraft facility is available on Fix deposit account with additional interest @2%. The Loan or Overdraft amount can be 85% to 90% of the Deposit Amount
The maturity date of Loan and Overdraft Account against Fix Deposit is maturity date of Fix Deposit Receipt.
TDS on Interest income will be deducted as per income tax act.
We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposit are insured up to Rs. 1 Lac.
Rules & Regulation for Fixed Deposit
Customer can Open Fix Deposit A/c with minimum of Rs.500/-
Guardian can open Minor’s Fix Deposit A/c. When minor turn major then after providing valid age proof he/she can withdraw the amount with his/her signature.
Every Depositor must have to fulfill KYC norms as per RBI directives.
In exceptional case of premature of deposit facility is available.
The maturity amount is payable on maturity date. If depositor do not renew or withdraw the deposit then extra interest will not be payable for extra days as per RBI direction. The Depositor should renew Deposit within 14 days from the date of maturity.
In the event of Death of the Depositor, the nominee/joint name holder should complete all legal procedures to deduct his/her name and withdraw the balance amount.
All rights reserved to the Bank’s management to Change the Interest Rate of the Fix Deposit Scheme without prior notice. Change of Interest rate will be applicable to new deposits only.
The Board of Directors of the Bank having all rights to change the rules and regulation for the scheme as per RBI directive.
Requirements to Fixed Deposit
Valid Photo I.D.(Any One)
Passport
Driving License
Voter ID Card
Government/Semi government/Department I.Card
Address Proof(Any One)
Electricity Bill (not more than 2 months old)
BSNL Landline Telephone Bill (not more than 2 months old)
Municipal Tax Bill
GSPC Gas Bill
Latest LIC Premium receipt
Passport Size Photograph – 2 Copies
Pan Card
Adhar Card
Birth Certificate for minor account
Senior Citizens have to produce age proof to avail extra Interest Rate benefit.
