FIXED DEPOSITS

• Fix deposit scheme is an attractive scheme to deposit your savings for fix period for 15 Days to 35 Months as per your future requirements.
• We provide attractive Interest Rates to our Customers from time to time.
• We offer 0.50% extra Interest Rate to Senior Citizens(Age 60 (completed) or above)on Monthly interest (MIS-SC-FM) fix deposits.
• Guardian can open Minor’s Fix deposit A/c. When minor turns major then at maturity he/she can withdraw the amount with his/her signature, after providing valid age proof.
• We offer nomination facility for all deposit accounts.
• Loan and Overdraft facility is available against Fix deposit receipt.
• The maturity date of Loan and Overdraft Account against Fix Deposit is maturity date of Fix Deposit Receipt.
• TDS on Interest income will be deducted as per Income Tax Act.
• We are member of Deposit Insurance and Credit Guarantee Corporation [DICGC] in which customers deposit are insured up to Rs. 1 Lakhs.
• We provide Interest payment to our customers on their existing Fix Deposits as per their instruction.

Rules & Regulation for Fix Deposit

• Depositor has to fulfill KYC norms as per RBI directive.
• Guardian can open Minor’s Fix Deposit A/c. When minor turn major then after providing valid age proof he/she can withdraw the amount with his/her signature.
• All rights reserved to the Bank’s management to Change the Interest Rate of the Fix Deposit Scheme without prior notice. Change of Interest rate will be applicable to new deposits only.
• The Bank having rights of appropriation, set off, lien and change the rules and regulation for the scheme.
• All Fix Deposit holders need to open Savings account.
• Cash deposit will not be allow as per RBI Guidelines.
• Interest will be paid on premature deposit as per Bank’s Policy.