Accounts & Deposits

Savings Account
Savings Accounts with easy and convenience Banking

Who Can Open the Savings Account

• An Individual in his/her Other Capacity.
• More than one person jointly.
• An Illiterate Person
• A Blind/ Visually Impaired/ Incapacitated Person
• A Guardian On Behalf Of Minor In The Minor'S Name
• Charitable / Religious Institutions
• Trust, Clubs, Association, Ngo
• Local Bodies, All Types Of Co-Operative Housing
• Societies And Such Other Bodies Of Identical Nature
• Staff Member

Balance Requirement

Savings  Account  with  Cheque  Book  Rs.500/-
Savings  Account  without  Cheque  Book   Rs.200/-

Documents Required

Recent photograph

Two copies of recent passport size photograph

Key Features

• SMS Alert
• Rupay Debit Card
• RTGS & NEFT Facility
• Any Where Banking Facility
• Personalized Cheque Book Facility

Bank offers Current Account for Business and Commercial customers. Bank Current Account gives the customer benefit of having the convenience of high transactions at no additional cost. Current Account is backed by Any Branch Banking Services for easy and convenient Banking. Personalized Cheque Book facility is available under this Account.

Who Can Open the Current Account

•  Individual in Single or Joint Capacity
•  HUF
•  Proprietary Accounts
•  Partnership Accounts
•  Private Limited Company
•  Public Limited Company
•  Trust Accounts
•  Association Accounts
•  Government / Local Bodies

Balance Requirement

Current Account with Cheque Book Rs.1000/-

Documents Required

Recent photograph

Two copies of recent passport size photograph

Additional Documents Required as per Constitution

1. Proprietorship firm
   • Requirements
     •  Business Activity proof- copy of License issued under shop & establishment Act, any certificate issued by / registration document issued by Sales Tax Authorities/ Service Tax Authorities/ Professional Tax Authorities, audited copies of latest balance sheet and income tax returns, letter from Chartered Accountant for operation of business
     •  Business Address proof of shop/ firm (electricity bill, telephone bill, latest bank account statement, Income tax/ wealth tax assessment order, Maintenance bill of society, registered leave and license agreement or Noterised Leave & License Agreement , etc)
     •  Proprietorship letter
     •  Udyog Addhar Card
2. Partnership firm
   • Requirements
     •  PAN of FIRM and all partners with original for verification or declaration of form-60/6
     •  Business Address proof of shop/ firm
     •  Partnership letter
     •  List of partners
     •  Certificate of registration
     •  Registered partnership Deed
     •  Udyog Addhar Card
3. Limited companies
   • Requirements
     •  PAN of the company and all directors with original for verification or declaration of form-60/61
     •  Business Address proof of Company
     •  Certificate of Registration
     •  List of all directors
     •  Memorandam & Articles of Association
     •  Resolution with company seal
     •  CIN no. of the company and DIN numbers of all directors
     •  Certificate of business commencement (in case of Public Limited Company)

Key Features

• SMS Alert
• Rupay Debit Card for Individual Accounts
• RTGS & NEFT Facility
• Any Where Banking Facility
• Personalized Cheque Book

• Short Term Fixed Deposit Accounts
• Fixed Deposit with Monthly / Quarterly Interest
• Cumulative Fixed Deposit
• Sarvmangal Deposit Scheme ( Recurring Deposit )
• Short Term Fixed Deposit Accounts
  •  Account can be opened at any Branch(minimum amount)
  •  Minimum period is 07 days and can be opened for 364 days.
  •  Interest is paid along with principal amount on maturity.
  •  Loan can be granted up to 85% of the deposit amount against the lien of Deposit Receipt in case of need.
  •  Convenient for parking the short term surplus from 30 days to 1 year with extra benefits.
• Fixed Deposit with Monthly / Quarterly Interest
  •  Account can be opened with a minimum amount fixed by Bank from time to time
  •  Minimum period is one year.
  •  Maximum period is 120 months or any period decided by Bank from time to time.
  •  Interest due will be paid on Monthly / Quarterly basis.
  •  Loan can be granted up to 85% of the deposit amount against the lien of Deposit Receipt in case of need.
  •  The depositor desires to have interest payment on Monthly / Quarterly , he should notify this instruction in the Account Opening Form while opening the account. The Bank will take note of this and pay the interest amount accordingly.
  •  Convenient scheme to meet the periodical expenses for Sr. Citizens with extra interest by 0.25%
• Cumulative Fixed Deposit
• Sarvmangal Deposit Scheme
  •  Period of Scheme is 10 Years
  •  Account can be opened with a minimum of Rs.500/- or any amount in multiple of Rs.500/- fixed by Bank from time to time
  •  Recurring Deposit Amount to be paid monthly before 10th of the Month
  •  Delayed payment of Installment attracts penalty @ Rs.5 per hundred Minimum period is one year.
  •  Maximum period is 120 months or any period decided by Bank from time to time.
  •  Interest due will be compounded on quarterly basis.
  •  Loan can be granted up to 85%of the deposit amount against the pledge of Deposit Receipt in case of need with rate of interest @1 % more than Deposit Rate.
  •  Premature Closure of Account will attract penalty @1% and interest will be paid for the period for which deposit is kept and Interest Rate applicable when deposit was kept.

Interest Rates on Domestic Term Deposits with effect from 1st FEB 2023.