Meant to motivate savings.
Earns a nominal interest of 4% per annum on daily balance basis and such interest in credited to March of every year.
Initial amount and minimum credit balance to be maintained in the account with cheque facility is Rs. 500 and account without cheque facility is Rs. 250
Passbook issued free of cost. Duplicate passbook issued on payment of prescribed fee.
Nomination facility available for individuals.
Meant for large transactions.
Rate of interest 6% for maintenance of 5,00,000 for 12 months
Individuals in their own name or in joint names, firms, corporate, Associations, Trust can open this type of account.
Initial amount and minimum credit balance to be maintained in the account is Rs.1,000
Individuals in their own names or in their joint names or in the names of their minor children, firms can invest their surplus funds and earn attractive interest.
Meant for those who wish to invest funds in one lump sum and get interest periodically.
Period of deposit ranges from 3 months to 10 years
Nomination facility for individuals
Premature withdrawal of the fixed deposit, deduct 1% penalty from the interest accrue in your fixed deposit.
| Rate of interest | |||
|---|---|---|---|
| Period | General public | Senior citizen | |
| 30 days to 1 year | 9.5% | 10% | |
| 1 year to 2 year | 10.5% | 11% | |
| Above 2 years | 11.5 % | 12% | |
Meant for those who wish to save a fixed amount every month and obtain a lump sum with accrued interest at the end of the deposit period..
Period of deposit ranges from 12 months to 120 months
Monthly instalment accepted is a minimum of Rs. 100
Nomination facility available for individuals.
RD accounts come with a lock-in period of 30 days to 3 months subject to the society discretion. Withdrawal within the lock in period will not fetch any interest.
| Rate of interest | |||
|---|---|---|---|
| Period | General public | Senior citizen | |
| 30 days to 1 year | 9.5% | 10% | |
| 1 year to 2 year | 10.5% | 11% | |
| Above 2 years | 11.5% | 12% | |
Meant for those, who wish to invest lump-sum amount and take a maturity value on the due date.
Period of deposit ranges from 1 year to 10 years.
Interest as prescribed by the Bank for various periods will be compounded on quarterly basis.
Amount accepted in minimum of Rs. 10,000
Renewal facility is available.
| Rate of interest | |||
|---|---|---|---|
| Period | General public | Senior citizen | |
| For 1 year | 9.5% | 10% | |
| 1 year to 2 year | 10.5% | 11% | |
| Above 2 years | 11.5% | 12% | |
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