Tax benefits under section 80C of Income
Tax Act, 1961.
Additional Incentives
Free
Credit Card issuance linked to amount of deposit.
0.25% higher rate of interest on any one new term deposit
(other than TSTDS).
1% interest rebate on first year on our Housing, Educational
or Consumer Loan Scheme.
For deposits of 50,000 and above, no installation charges
for POS machine.
Note:A customer can opt for any two of the above
incentives. The incentives at b, c &d shall be available to
a customer for a period of 3 months from the date of opening
of the TSTDS.
Eligibility
Single holder type deposits: Resident assessee
for himself/herself as an individual or in the capacity of the
Karta of the Hindu undivided family.
Joint holder type deposits: Joint accounts
may be opened in the name of two adults or in the name of an adult
and a minor.
Note:In case of joint accounts, the deduction
from income under section 80 C of the act shall be available
only to the first holder of the deposit.
Mode of Operation
Singly or Jointly.
Amount of Deposit
Minimum: 1,000 and in multiples thereof. Maximum: 1,00,000
in a year.
Type of Account
Option I (TSTDS -I): Interest applied on quarterly basis. Payable in cash or credited
to depositor's account every quarter during the term of the deposit.
Option II (TSTDS -II): Interest applied on monthly basis. Payable in cash or credited
to depositor's account.
Option III (TSTDS -III): Compound rate of
interest on the deposit paid along with the principal at the time
of maturity.
Exclusively for the girl
child. - Available in five maturity slabs of
5,7,10,12 and 15 years.
The amount payable under
the scheme is predetermined as 25,000/-,
50,000/- and 1,00,000/-.
More the period, lesser the
amount to be deposited.
Free Personal Accidental
Insurance Cover, equivalent to the amount
payable at the maturity of the deposit.
Maturity Value
Accidental Insurance Cover
25,000
25,000
50,000
50,000
1,00,000
1,00,000
Working of the
Scheme
Maturity Chart for General Public Accounts the chart has been worked out at 9% rate of interest per annum (wef
08-08-2011) *
Amount to be Deposited
Period.
Amount Payable.
6579
15 Years
25,000.00
13157
15 Years
50,000.00
26315
15 Years
1,00,000.00
8592
12 Years
25,000.00
17184
12 Years
50,000.00
34369
12 Years
1,00,000.00
10266
10 Years
25,000.00
20532
10 Years
50,000.00
41065
10 Years
1,00,000.00
13408
7 Years
25,000.00
26816
7 Years
50,000.00
53632
7 Years
1,00,000.00
16020
5 Years
25,000.00
32041
5 Years
50,000.00
64082
5 Years
1,00,000.00
Payment before maturity
Allowed.
Loan against deposits
Allowed
*Subject to change-Conditions Apply
Daily
Deposit Saving Scheme
Eligibility
All the Individuals, Joint Account Holders,
Proprietors, Individual Partners shall be
eligible to open the accounts under this scheme.
Amount of
Installment
The daily instalment deposit amount shall be
minimum of 100/- or higher amount in the
multiples of 50/-(e.g., 150/-, 200/-,
250/-) to be deposited through the designated
employee of the bank on daily/Weekly basis who
will provide the client with a Passbook.
Interest
calculation
The bank shall offer interest rate of 3.50%
p.a, which is applicable to normal saving
account. The interest shall be credited to the
account at the end of 30th September and 31st
March on the minimum balance maintained in the
account from 10th to the last day of the month.
50,000 and above, no installation charges
for POS machine. 
25,000.00
