|
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Benefits
- Deposit upto Rs. 1 lac is guaranteed
by Deposit Insurance & Credit
Guarantee Corporation of India Ltd.
- Bank accepts deposits from local
bodies, quasi-government organisations
and religious and charitable institutions
also(Charitable institutions get
1.00% more interest over normal
interest rate.
- Nomination facility is available
in account of individuals.
Guidelines
for Fixed Deposits
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CUMULATIVE DEPOSIT SCHEME
FEATURES :
- Deposit is accepted for six months and upto 60 months.
- Minimum amount of deposit is Rs.
1000/- and thereafter in multiples
of Rs. 1000/-.
- Interest compounded quarterly.
|
Days/Months/Years
|
Interest
Rates* (% Per Annum)
(Effective
from 01/10/2007)
|
|
|
General
|
Senior
Citizen and Charitable
Trust
|
| 30
Days to 45 Days |
4.50%
|
5.50%
|
|
46 Days to 90 Days |
5.50%
|
6.50%
|
| 91
Days to 180 Days |
6.00%
|
7.00%
|
| 181
Days to 1 Year |
6.50%
|
7.50%
|
| Above 1
Year to 2 Year |
9.25%
|
10.25%
|
| Above 2 Year to
3 Year |
9.50%
|
10.50%
|
|
*Interest rates are subject
to change without prior notice.
*Age of Senior Citizen should
be above 60 years.
Deposit
under section 80 C of Income
Tax.
Interest rate under
this scheme shall be 9.00% p.a. and
senior citizen will be given
10.00% p.a. Such deposit will be
accepted for minimum period of
five years. No loan or overdraft
will be granted against such
deposits.
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KAMDHENU DEPOSIT SCHEME
- Deposit accepted for a
period of 36 months.
- Interest ceases to be payable
after 36 months.
- Minimum amount of deposit is Rs.1000/-.
- Rate of interest* 9.50 % p.a.
compounded quarterly.
- Loan facility available.
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KALBANK DEPOSIT SCHEME
- Depositor need not remember due
date.
- Deposit accepted for a period
of minimum of 15 days. thereafter it gets automatically
renewed for each subsequent block.
The Block is decided by the party
between 15 days maximum 180 days
till its withdrawal.
- Minimum amount of deposit is Rs.
5,000/- and thereafter in multiples
of Rs. 1000/-.
- Loan facility available.
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TAX SAVING SCHEME
Eligibility
:
-
Individual
-
Joint Holders
-
Karta of Huf
-
Private or
Specific
trust
Rate of Interest
: 9.00%, For Senior Citizen
10.00%.
Deposit Amount : Minimum
Rs. 100/- or in multiple there of
with maximum limit of Rs.
1 lac in a year.
-
Fix period of
5
years. No premature payment
allowed
-
No loan facility
against the Deposit.
-
No pledging as
security for other assets.
Interest Payment
: Monthly, Quarterly or on
maturity along with Deposit Amount.
Guidelines
for Fixed Deposits
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