Fixed Deposits Scheme

• The fixed deposit scheme is an attractive scheme to deposit your savings for a fixed period of 30 days to 10 years, as per your future requirements.
• We provide attractive Interest Rates to our Customers.
• We offer a 0.50% extra Interest Rate to Senior Citizens on fixed deposits.
• Guardian can open Minor’s Fix deposit A/c. When a minor turns major, then at maturity, he/she can withdraw the amount with his/her signature.After providing valid age proof, he/she.
• We offer a nomination facility for all deposit accounts
• The customer can open a joint name fixed deposit account and can give instructions to operate the account.
• We provide quarterly and monthly Interest payment options to our customers.
• Loans and Overdraft facility are available on a fixed deposit account with additional interest @2%. The Loan or Overdraft amount can be 85% to 90% of the Deposit Amount
• The maturity date of the Loan and Overdraft Account against the Fixed Deposit is the maturity date of the Fixed Deposit Receipt.
• TDS on Interest income will be deducted as per the Income Tax Act.
• We are members of the Deposit Insurance and Credit Guarantee Scheme, in which customers' deposits are insured up to Rs. 1 Lac.

Rules & Regulations for Fixed Deposit

• Customer can Open Fix Deposit A/c with minimum of Rs.500/-
• Guardian can open Minor’s Fixed Deposit A/c. When a minor turns major, then after providing valid age proof, he/she can withdraw the amount with his/her signature.
• Every Depositor must fulfill KYC norms as per RBI directives.
• In the exceptional case of premature of deposit facility is available.
• The maturity amount is payable on the maturity date. If the depositor does not renew or withdraw the deposit, then extra interest will not be payable for extra days as per the RBI direction. The Depositor should renew the Deposit within 14 days from the date of maturity.
• In the event of the Death of the Depositor, the nominee/joint name holder should complete all legal procedures to deduct his/her name and withdraw the balance amount.
• All rights reserved to the Bank’s management to change the Interest Rate of the Fixed Deposit Scheme without prior notice. Change of Interest rate will apply to new deposits only.
• The Board of Directors of the Bank has all right to change the rules and regulations for the scheme as per the RBI directive.

Requirements for Fixed Deposit

Valid Photo I.D.(Any One)

• Passport
• Driving License
• Voter ID Card
• Government/Semi-government/Department I. Card

Address Proof(Any One)

• Electricity Bill (not more than 2 months old)
• BSNL Landline Telephone Bill (not more than 2 months old)
• Municipal Tax Bill
• GSPC Gas Bill
• Latest LIC Premium receipt
• Passport Size Photograph – 2 Copies
• Pan Card
• Adhar Card
• Birth Certificate for a minor accountSenior Citizens have to produce age proof to avail extra Interest Rate benefit.