SAVINGS DEPOSITS


Savings Bank Account can be opened by :

An individual in his/her own name

Individuals in their joint names with suitable repayment instructions

Minor represented by parent/guardian

 Clubs, Societies, Associations, Trusts, Executors, Educational Institutions, Administrators, HUF, etc. Interest will be allowed at the rates decided by the bank/RBI from time to time, on the daily closing balance.

The prospective account holder should comply with the ‘Know Your Customer (KYC)’ norms by producing passport size photograph and one of the following documents in support of identity and address:


Proof of Identity

  • Passport
  • PAN Card
  • Adhar Card
  • Voter’s Identity Card
  • Driving licence
  • Identity Card subject to the Bank’s satisfaction
  • Letter from a recognised public authority or public servant verifying the identity and residence of the customer to the satisfaction of the Bank

Address proof

  • Telephone bill
  • Bank Account Statement
  • Letter from any recognised public authority
  • Electricity bill
  • Ration Card
  • Letter from the employer subject to satisfaction of bank

CURRENT DEPOSITS


Savings Bank Account can be opened by :

Current account can be opened by individual / HUF, a proprietary concern, a partnership firm, a company, a trust, a local body, Govt. department by signing prescribed account opening form(s) and with proper introduction, identification, address proof etc., accompanied by prescribed documents. The prospective account holder should comply with the ‘Know Your Customer (KYC)’ norms by producing one of the following documents in support of identity and address:

Accounts of companies

  • Name of the company
  • Principal place of business
  • Mailing address of the company
  • Telephone / Fax Number


Accounts of partnership firms

  • Legal name
  • Address
  • Names of all partners and their addresses
  • Telephone numbers of the firm and partners



Accounts of trusts & foundations

  • Names of trustees, settlers, beneficiaries and signatories
  • Names and addresses of the founder, the managers / directors and the beneficiaries
  • Telephone / fax numbers
  • Certificate of incorporation and Memorandum & Articles of Association
  • Bank Account StatementResolution of the Board of Directors to open an account and identification of those who have authority to operate the account
  • Power of Attorney granted to its managers, officers or employees to transact business on its behalf
  • Copy of PAN allotment letter
  • Copy of the telephone bill

  • Registration certificate, if registered
  • Partnership deed
  • Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf
  • Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses
  • Telephone bill in the name of firm/partners


  • Certificate of registration, if registered
  • Power of Attorney granted to transact business on its behalf
  • Any officially valid document to identify the trustees, settlors, beneficiaries and those holding Power of Attorney, founders / managers / directors and their addresses
  • Resolution of the managing body of the foundation / association
  • Telephone bill

FIXED DEPOSIT


This term deposit scheme is a fixed in nature and interest can be paid at regular intervals viz. monthly, quarterly, half yearly or yearly. The rate of interest depends on the period of deposit. It is an ideal deposit scheme for those who can plan for regular income.

KALPAVRAKSHA CASH CERTIFICATE


This is a most popular scheme in our Bank. It is a reinvestment Term Deposit scheme where the deposit amount grows rapidly as interest is compounded quarterly. The rate of interest depends on the period of deposit.

RECURRING DEPOSITS


One can save a fixed sum every month in this account and get a handsome lump sum amount on maturity. An ideal scheme for salary earners to build up a good sum in order to use it for future needs. The account can be opened by any individual or group of individuals or firms or companies etc. The maturity period will be from 12 to 120 months

MADHUSANCHAYA DEPOSIT


This Deposit is popularly known as "Pigmy" account. Our collection agents will visit account holder's place daily to collect the amount. A tiny amount deposited every day will grow into a substantial sum at the end of the deposit period.

SHIKSHAK UJWAL FIXED DEPOSIT


The Shikshak Ujwal Fixed Deposit, is a specially designed scheme with a tenure of 540 days. This deposit offers a fixed interest rate, along with quarterly interest payouts. With an attractive interest rate of 8.10% for General Customers and 8.30% for Senior Citizens, it is an excellent choice for those seeking a steady and reliable source of regular income.

AKSHAYA FIXED DEPOSIT SCHEME (AFDS)


This is one of our most attractive term deposit schemes, designed for a tenure of 444 days. It offers a fixed interest rate, with the option to receive interest payouts quarterly. The interest rate is 8.43% for general customers and 8.88% for senior citizens, making it an ideal choice for those seeking a regular income.

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