Providing financial support to deserving meritorious students for pursuing higher education in India or abroad.

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Term Deposit

General features of DOMESTIC DEPOSIT SCHEMES :

  • For Domestic Term Deposits, Tax Deduction at Source is applicable, if the interest income for the financial year exceeds 10,000/- for the customer, unless he/she produces PAN card and Tax exemption certificate/ Form 15G/H.
  • Nomination is require_onced for all accounts.

Fixed Deposit (FD) :

  • Interest is paid either at quarterly rests or half-yearly rests or during automatic renewal of the deposit.
  • Deposit can be opened for period ranging from 15 days to 10 years.
  • Premature closure is allowed with penalty@1% on the applicable rate for the corresponding period for which the deposit reamained with the bank.
  • Loan on deposits allowed upto limits prescribed on the basis of residual maturity period, with interest @2% above deposit rate .
  • Accounts can be opened for 100/- and in multiples of 100/- .
  • TDS applicable.

Kalpavriksha Deposit

  • Our re-investment plan that multiplies your money. Apart from safety and liquidity, it offers you the highest growth option (Compound interest)

How much can you invest?

  • Minimum: Rs. 100/-Maximum: No Ceiling

Period of Deposit :

  • Minimum: 12 MonthsMaximum: 120 months (can be for odd period also)

High Returns

  • Attractive rates as applicable from time to time

Interest Payment :

  • Interest re-invest and payable at the time of maturity

Easy Liquidity :

  • Closure Before maturity permissible.Loan against deposit available.

Deposit from Senior Citizens :

  • Fixed Deposits and Kalpavriksha Deposits:
  • We respect senior people not by words alone. But in deeds too. We offer 0.5% higher interest to them on the above deposit schemes.

"Your account balance is only a missed call away. Just dial 9015 800 400 from your registered mobile number."

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We can help you grow your money in a disciplined way with a Term or Notice Deposit account.

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