Fair Practice Code | Estd. 1978 | Registered with R.B.I
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SCHEME I – FIXED DEPOSIT

Period

Monthly (a)

Quarterly (b)

Half Yrly (c)

Annual (d)

1 Year & 1 Day

25 Months

36 Months

N.A.

10.90%

11.40%

N.A.

11.00%

11.50%

10.73%

N.A.

N.A.

11.00%

11.50%

12.00%

(a) Minimum Amount of Rs.5,000/- and in multiple of Rs.1,000/-

(b) For monthly interest, the Minimum deposit amount is Rs.20,000/- and in Multiples of Rs.1,000/-

SCHEME II – CUMULATIVE DEPOSIT

Period

Deposit Amount (Rs.)

Maturity Amount (Rs.)

Annual Yield

1 Year & 1 day

25 Months

36 Months

5,000/-

5,000/-

5,000/-

5,550/-

6,270/-

7,030/-

11.00%

12.19%

13.53%

Minimum Amount of Rs.5,000/- and in multiples of Rs.1,000/-

SPECIAL FEATURES
  1. The schemes are as per the directives of the Reserve Bank of India.
  2. Outstation cheques are accepted at par.
  3. Interest payable from the date of receipt of remittance.
  4. Payment to outstation depositors by demand draft at our cost.
  5. Loan facilities against deposits are as per RBI directives.
  6. No deduction of Income-Tax at source, if the interest payable is Rs.5000/- and below, or declaration is furnished in Form No.15H/15G when the interest in over Rs.5,000/- per annum.
  7. Pre-mature withdrawal of deposits are as per RBI directives.
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