Basic Of Saving Account
We offer 4% Interest on Savings Bank Deposit as per RBI’s Directive.
Customer has to maintain minimum balance or Rs.500/- for Cheque Book facility.
We also open zero balance saving account with certain conditions/ limited transaction.
We offer nomination facility for all deposit accounts.
Customer can open single/joint account and that account can jointly,operate as per instruction like Any one, Jointly, Any two Jointly either or survivor etc.
Customer can open Savings A/c for his/her minor children.
We offer Computerised passbook to our Account holders.
Rules & Regulation For Saving Bank Account
Every Depositor must have to fulfill KYC norms as per RBI directive.
The Bank’s management is having right to close the account after notice if account holder do not keep sufficient balance to clear inward cheque or ECS.
Guardian can open Minor’s Savings Account. Birth Proof of Children is required.
The customer must have to preserve his/her cheque book & passbook in his custody. The Bank is not responsible for any misuse of cheque book & pass book.
Interest on Savings deposit is calculated on daily balances as per RBI’s directives.
The customer without cheque book facility will be given withdrawal form at the time of payment. The withdrawal form will be given to the account holder only and only at the time of payment.
The Passbook should be accompanied with the withdrawal form.
Stop payment of particular cheque/s facility is available but the customer has to keep sufficient balance to match the cheque amount then only the cheque will be returned with the reason of stop payment and stop payment charges will be levied from the account.
The Bank is having all rights of appropriation, set off, lien and change the rules and regulation.
Requirements To Open Current Bank Account
Valid Photo I.D. & Address Proof
Other proof acceptable by Bank.
Passport Size Photograph – 2 Copies
Pan Card
Birth Certificate for minor account
Introduction From Existing account Holder
Customer can open Current Account with minimum balance or Rs.2000/-.
We offer 30 pages cheque book.
We offer nomination facility for all individual accounts and proprietory concern accounts.
Customer can open joint account and that account can jointly,operate as per instruction like Any one, Jointly, Any two Jointly either or survivor etc.
We offer Monthly, Half yearly, Yearly and periodical Statement to our Customers for their reconciliation purpose or any other purpose.
Rules & Regulation For Current Bank Account
Every Depositor must have to fulfill KYC norms as per RBI directive.
The Bank’s management is having right to close the account after notice if account holder do not keep sufficient balance to clear inward cheque or ECS.
Guardian can open Minor’s Savings Account. Birth Proof of Children is required.
The customer must have to preserve his/her cheque book & passbook in his custody. The Bank is not responsible for any misuse of cheque book & pass book.
Interest on Savings deposit is calculated on daily balances as per RBI’s directives.
The customer without cheque book facility will be given withdrawal form at the time of payment. The withdrawal form will be given to the account holder only and only at the time of payment.
The Passbook should be accompanied with the withdrawal form.
Stop payment of particular cheque/s facility is available but the customer has to keep sufficient balance to match the cheque amount then only the cheque will be returned with the reason of stop payment and stop payment charges will be levied from the account.
The Bank is having all rights of appropriation, set off, lien and change the rules and regulation.
Requirements To Open Current Bank Account
Valid Photo I.D. & Address Proof
Other proof acceptable by Bank.
Passport Size Photograph – 2 Copies
Pan Card
Birth Certificate for minor account
Introduction From Existing account Holder
Basic Of Recurring Deposit
Term deposit scheme is an attractive scheme to deposit your savings for fix period for 15 days to 130 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 on term deposits of above 1 year.
Guardian can open Minor’s Term 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.
We provide Monthly & quarterly Interest payment to our customers on their existing Fix Deposits as per their instruction & RBI guidelines.
Loan and Overdraft facility is available against Term 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 Scheme [DICGC] in which customers deposit are insured up to Rs. 1 Lac.
Rules & Regulation For Recurring Deposit
Depositor has to fulfill KYC norms as per RBI directive.
Guardian can open Minor’s Recurring A/c. When minor turn major there after providing valid age proof he/she can withdraw the amount with his/her signature.
Every Depositor must have to deposit their instalments till date of opening a/c or last installment date of every month.
If Depositors failed to deposit Installment on regular basis, penalty will be levied.
The maturity amount is payable after 30 days of last instalments deposited.
If customer want to close the 12 months period deposit account before its mature period then the interest will be applicable as per Savings Interest Rate.
If Customer Deposit more instalments than required for prescribe period then Interest will not be applicable on extra installment he/she deposited.
If customer having Savings or Current a/c in the Bank then by the written application Bank will transfer Recurring Deposit instalments from that account as standing instruction.
The Bank is having rights of appropriation, set off, lien and change the rules and regulation for the scheme.
1% penalty will be levid on present interest rates.
Requirements To Open Recurring Deposit
Valid Photo I.D. & Address Proof
Other proof acceptable by Bank.
Passport Size Photograph – 2 Copies
Pan Card
Birth Certificate for minor account
Introduction From Existing account Holder