Financial support to the farmers for meeting the short term needs in crop production.

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NRE Term Deposits

General feature of all NRE (Non-Resident Emigrant) Deposits :

  • For NRE (Non-Resident Emigrant) Deposits, normal service charges and TDS (Tax Deducted at Source) are not applicable.
  • Nomination is require_onced for all accounts.
  • NRE Term Deposits

    For all NRE Term Deposits and Recurring Deposits, minimum period of deposit is 1 Year. No interest is payable, if closed within one year.

    NRE Fixed Deposite (FDNRE)

  • 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 1 year to 10 years.
  • Premature closure is allowed with penalty@1% on the applicable rate for the corresponding period for which the deposit remained with the bank. (No interest for period less than 1 year) .
  • Loan on deposits allowed upto limits prescribed on the basis of residual maturity period, with interest @2% above deposit interest rate.
  • NRE Social Security Deposite (SSDNRE)

  • It is a deposit scheme where interest is paid periodically – monthly or quarterly.
  • Minimum period is 12 months and maximum 120 months.
  • If monthly interest is paid, it will be at discounted value.
  • NRE Grama Lakshmi Cash Certificate

  • It is a cash certificate type of deposit, where interest is compounded at quarterly rests.
  • Can be opened for a minimum period of 12 months and maximum period of 120 months.
  • Premature closure allowed with penalty@1% on the applicable rate for the corresponding period for which the deposit was with the branch.
  • Loan against deposit can be granted.
  • The eligible loan amount is reckoned on the latest balance of the account (including accrued interest).

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

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