Deposits

Fixed Deposit

A scheme which gives high returns on investment with an attractive high rate of interest as well as insurance cover. In Fixed Deposit scheme interest is paid to investors at regular intervals. The Bank offers simple formalities to open the fixed deposit and pays a high rate of interest which can be fixed for monthly or trimonthly periods. Half % higher interest is paid to senior citizens. Deposit loan facility can be availed against your deposit. The term of deposit varies from 16 days to 10 years.

Recurring Deposit

It is a monthly savings deposit wherein a fixed amount is deposited monthly for a fixed period. After a particular period the principle amount along with an attractive interest, compound interest included will be refunded. This deposit offers you regular savings on a monthly basis. A minimum of Rs. 50 or its multiples can be paid monthly either through our agents or personally to the bank. The term period ranges from 1 year to 10 years. This scheme gives you financial security as well as encourages savings habit.

Current account

Current deposit is mainly intended for traders & businesses wherein customers can deposit any amount of money and also withdraw any amount as per their convenience. Cheque book and ECS facilities can be availed for current accounts.

Savings Bank Account

A multi-faceted scheme with an objective to improve savings habit among people. The Depositor can deposit small or large amounts and also can withdraw money as per convenience any time during working hours through cheque and always a minimum balance has to be maintained. There is no maximum limit for SB account. The savings bank deposits are mainly aimed for individuals.

Zero Balance Savings Account

It is a scheme planned to attract people from all sections of the society and make them valuable customers of the bank. Minimum balance is not required to be maintained in this account. The account can be started at zero balance and the full amount can also be withdrawn as per convenience. The main objective of this account is to encourage the savings habit of common people (Financial inclusion) and also to make the services of the bank available everywhere.

Vidya Vikas Deposit

A deposit scheme which is intended to encourage savings habit in students and making them equipped to participate in the progress of the nation. The scheme has been developed with the active support of all schools in our Panchayath and attractive rate of interest has been offered.

Nithya Deposit Scheme (Pygmy Deposit)

It is a petty savings scheme which is meant to encourage thrift habit in people. The bank’s agent will come daily to collect the deposit and issue a on the spot deposit receipt. The deposit is to be maintained for a minimum period of one year and no withdrawal or closing of account is permitted within one year of opening the account. A minimum interest is paid to the daily deposit schemes.