TERM DEPOSIT SCHEME

• Interest will be paid on the deposits at the rate in force from time to time.
• Interest amount will be paid Monthly.
• Interest will either paid in cash or credited to the Bank Account of the depositor
  (Click Here to our Interest Rate Chart)

• TERM DEPOSIT CERTIFICATE : The Bank will issue a certificate in favour of the depositors showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.
  
  LOAN AGAINST DEPOSIT : 90% Loan against deposit amount is available.
  
  GENERAL : The Bank reserves the right to alter, amend, rescind the rules from time to time.
  • Any person or persons approved by the Bank.
  • Co-operative Societies, Registered Trust, Institutions and Associations.
  • By two or more persons in their joint names.
  • By a natural guardian i.e. father or mother approved by the Bank on behalf of a minor.

• Interest will be paid on the deposits at the rate in force from time to time.
• Interest amount will be paid Quartely.
• Interest will either paid in cash or credited to the Bank Account of the depositor
  (Click Here to our Interest Rate Chart)
   

• Any person or persons approved by the Bank.
• Co-operative Societies, Registered Trust, Institutions and Associations.
• By two or more persons in their joint names.
• By a natural guardian i.e. father or mother approved by the Bank on behalf of a minor.

• BANK HAS INTRODUCED FOLLOWING NEW PRODUCT UNDER TERM DEPOSIT SCHEME WITH ADDED FEATURES :
  1. QIDADHAR - Abhyudaya Aadhar term deposit scheme for senior citizens
     for more details contact our nearest branch.
  
  GENERAL : The Bank reserves the right to alter, amend, rescind the rules from time to time.



 

• Interest will be paid on the deposits at the rate in force from time to time.
• Interest amount will be paid at the time of maturity.
  (Click Here to our Interest Rate Chart)

• Any person or persons approved by the Bank.
• Co-operative Societies, Registered Trust, Institutions and Associations.
• By two or more persons in their joint names.
• By a natural guardian i.e. father or mother approved by the Bank on behalf of a minor.

• Any person or persons approved by the Bank.
• Co-operative Societies, Registered Trust, Institutions and Associations.
• By two or more persons in their joint names.
• By a natural guardian i.e. father or mother approved by the Bank on behalf of a minor.

• Interest will be paid on the deposits at the rate in force from time to time.
• Interest amount will be paid at the time of maturity.


• (Click Here to our Interest Rate Chart)



 

Terms & Conditions :

Rate of Interest : Please Refer Deposit Interest Rate chart The interest shall be paid every quarter (like quarterly interest scheme) except if required otherwise in accordance with the regulatory guidelines for payment of interest on the term deposit as may be issued by RBI from time to time.
 

• Minimum Deposit Rs.5000/- and thereafter in multiples of RS.100/-
• Not transferable
• Not encashable for 5 years from the date of issue
• Only the depositor first named will be eligible to claim deduction U/s 80C of IT Act, 1961
• Interest on the deposit is subject to TDS U/s 194A and 195 of the IT Act, 1961
• Interest Accrual will cease from the date of maturity
• Deposit under ATSS shall not be pledged to secure loan or as security to any other asset.
• Nomination facility available