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  • Saving Bank Deposits Savings Bank Deposit Scheme
    SB Ujala -No Frills Account
  • Term Bank Deposits Millennium Deposits Scheme Flexi Deposits Scheme
    Fixed Deposits Scheme
    Child Care Scheme
    and more...
  • Value Added Schemes Tax Saver Term Deposit Scheme Mehendi Deposit Certificate
    Daily Deposit Saving Scheme
  • Gift Cheque Scheme Unique mode to present your gifts to your nears and dears on all occasions.
    Available in the denominations of Rs.101, Rs.201, Rs.501, Rs.1001 and Rs.5001.
  • Current Accounts Platinum Current Account
    Gold Current Account
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    Current Account
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    Basic Current Account
 

  Value Added Schemes

 

   Tax Saver Term Deposit Scheme

  Salient Features
  • Higher rate of interest
  • 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.

  Term of Deposit
  • 5 - 10 years

  Rate of Interest

  Premature Withdrawal
  • Not allowed before the expiry of five years from the date of its receipt.

  Loan/Overdraft Facility
  • Not allowed

  Top (Conditions Apply)

  Mehendi Deposit Certificate

  Salient Features
  • Exclusively for the girl child. - Available in five maturity slabs of 5,7,10,12 and 15 yea
  • 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 7.50% rate of interest per annum(wef 14-12-2010) *
Amount to be deposited ()
Period
Amount payable ()

7345

15 Years

25,000.00

14689

15 Years

50,000.00

29378

15 Years

1,00,000.00

9383

12 Years

25,000.00

18767

12 Years

50,000.00

37534

12 Years

1,00,000.00

11048

10 Years

25,000.00

22096

10 Years

50,000.00

44193

10 Years

1,00,000.00

14115

7 Years

25,000.00

28230

7 Years

50,000.00

56461

7 Years

1,00,000.00

16619

5 Years

25,000.00

33239

5 Years

50,000.00

66478

5 Years

1,00,000.00

 

 

 

 

 

 

 


  Payment before maturity
  • Allowed.

  Loan against deposits

  Top  

  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.

     
 
 

 
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