Deposit Schemes

SAVINGS BANK:-
This facility is available to customers to deposit and withdraw money as per their convenience. The facility is extended with or without cheque book as per the needs of the customer. Attractive interest at 3% p.a. on daily balance is extended on this deposit. Prompt and courteous service awaits our customers at our Branches.

CURRENT ACCOUNT:-
Current Account with cheque book facility is offered by the Bank to its corporate and business clients. Clean and secured overdraft facility is also provided on the Current Account.

FIXED DEPOSIT :-
The Bank offers attractive rates on Fixed Deposits for various maturity periods. Facility for drawing interest on a monthly or quarterly basis is also provided.

RECURRING DEPOSIT:-
Under this scheme, the customer can save small amount in monthly installments for a fixed term to get back a lump sum. Interest is accumulated on the principal over the saving period at attractive rates of interest w.e.f.08.05.2023.

Sr No Period Existing Revised
01 7 Days to 45 days 4.25% 4.25%
02 46 days to 90 days 5.50% 5.50%
03 91 days to 179 days 6.00% 6.00%
04 180 days to below 1 year 6.75% 6.75%
05 Exact 1 Year 7.00% 7.25%
06 1 Year to 2 Years 6.75% 7.25%
07 2 Years to 3 Years 6.75% 7.25%
08 3 Years to 5 Years 6.75% 7.50%
09 Above 5 Years 6.75% 7.50%
Senior Citizens & Others
Sr No Category Period Extra Rate of interest(%)
01 Senior Citizens 1 year and above 0.50%
02 Staff & Retired Staff 7 days and above 1.00%
03 Retired Staff (above 60 years) 1 year and above 1.50%
04 PACS and other ‘B’ Class Societies 7 days and above 0.50%