Interest Rates w.e.f. 01/02/2025

Saving Deposit Scheme

Saving Deposit Scheme

The balance in the account earns an interest of 3% p.a. calculated every month on daily product basis. The account also has nomination facility. Our savings account can be operated through a personalized cheque book. Savings account offered by our bank is ideal for any customer who wishes to save regularly as well as have the benefit of easy liquidity and access to the funds in the account in times of emergency of exigencies. Savings account holders can enjoy additional benefits such as Electronic Funds Transfer Facility (vide NEFT & RTGS), ECS.

Features & Benefits:

• Individual can open account with Minimum Rs. 500/- with no ceiling for the maximum.
• Individual Deposit/ Joint Deposit / Deposit in the name of Minors with guardian/ HUF /Trust /Society.
• Open a Savings Bank Account with us and avail Cheque Book facility (minimum Rs.1000/- balance required).
• Free Passbook Facility.
• Nomination facility.

KYC Documents

• Three latest passport size photographs and any one of the KYC document as Identity and Address proof As Below
• Id Proof: PAN Card, Aadhar Card, Voter ID Card, Driving License, Passport
• Address Proof: Aadhar Card, Electricity / Telephone Bill, Driving License, Voter Id

Current Deposit Scheme

Current Deposit Scheme

Current bank account is opened by businessmen who have a higher number of regular transactions with the bank. It includes deposits, withdrawals and contra transactions. It is also known as Demand Deposit Account. In Current account, amount can be deposited and withdrawn at any time. It is also suitable for making payments to creditors by using cheques. Cheques received from customers can be deposited in this account for collection.

Features & Benefits:

• Customer can deposit or withdraw the amount as many times required. Minimum Balance to be maintained Rs. 1,000/- in the account.
• Facilities like NEFT/RTGS and E-statement can be availed.
• Nomination facility.

KYC Documents:

• Three latest passport size photographs and any one of the KYC document as Identity and Address proof As Below and copy of business proof.
• Id Proof: PAN Card, Aadhar Card, Voter ID Card, Driving License, Passport
• Address Proof: Aadhar Card, Electricity / Telephone Bill, Driving License, Voter Id

Fixed Deposit Schemes

Fixed Deposit Schemes

Money invested under this plan provides fixed monthly or quarterly income by way of interest to the depositor for a specified period leaving the amount intact.

Features & Benefits:

• Additional 0.50% interest for investment of more than 15 Lack Amount on single day for single or multiple accounts of single entity or person for 366 days or further period deposit.
• No penalty for premature closure of deposits.
• Avail loan facility on deposit account with only 1% higher ROI on deposit ROI.
• DIGC Insurance covered for deposit up to Rs. 5,00,000/-.
• Individuals (Single or jointly), Minor by Guardian, Institutions, Co-Op Societies, HUF can open deposit accounts.
• Nomination facility available.

Deposit Schemes:

• 1. Fixed Deposit: Interest gets paid on monthly or quarterly basis. Interest calculation is done by simple interest process.
• 2. Reinvestment Deposit: Interest gets calculated on quarterly basis by cumulative interest calculation method.
• 3. Dam Duppat Deposit: Interest get Interest get calculated on quarterly basis by cumulative interest calculation method.

Deposit Rate of Interest:

Note :- Senior Citizens and Social Organizations will be given 0.50% additional interest

KYC Documents:

• Three latest passport size photographs and any one of the KYC document as Identity and Address proof As Below and copy of business proof.
• Id Proof: PAN Card, Aadhar Card, Voter ID Card, Driving License, Passport
• Address Proof: Aadhar Card, Electricity / Telephone Bill, Driving License, Voter Id

Recurring Deposit Scheme

Recurring Deposit Scheme

The advantage in opening a Recurring Deposit Account that the depositor would be able to save certain sums in fixed monthly instalments so that depositor would be able to meet an anticipated liability / obligation after the end of a specified period.

Deposit Interest Rate Chart:

KYC Documents:

• Three latest passport size photographs and any one of the KYC document as Identity and Address proof As Below and copy of business proof.
• Id Proof: PAN Card, Aadhar Card, Voter ID card, Driving License, Passport.
• Address Proof: Aadhar Card, Electricity / Telephone Bill, Driving License, Voter Id

Pigmy Deposit Scheme

Pigmy Deposit Scheme

The advantage in opening a Pigmy Deposit Account that the depositor would be able to save certain sums of a daily, transfer of Loan instalments so that depositor would be able to meet an anticipated liability / obligation after the end of a specified period.

Deposit Interest Rate Chart

KYC Documents:

• Three latest passport size photographs and any one of the KYC document as Identity and Address proof As Below and copy of business proof.
• Id Proof: PAN Card, Aadhar Card, Voter ID card, Driving License, Passport. Address Proof: Aadhar Card, Electricity / Telephone Bill, Driving License, Voter Id

Kamala Lakshadish Deposit Scheme

Kamala Lakshadish Deposit Scheme

The advantage in opening a Lakshadish Deposit Account that the depositor would be able to save certain sums of after maturity Rs. 1 Lack

Deposit Interest Rate Chart:

KYC Documents:

• Three latest passport size photographs and any one of the KYC document as Identity and Address proof As Below and copy of business proof.
• Id Proof: PAN Card, Aadhar Card, Voter ID card, Driving License, Passport.
• Address Proof: Aadhar Card, Electricity / Telephone Bill, Driving License, Voter Id