New Deposit Scheme

 
1 Period of Deposit 451 Days (Festival Bonanza)
2 Rate of Interest 7.30% p.a. (General Public)
7.80 % p.a. (Senior Citizens)
3 Bulk Deposit The Bank shall offer differential interest rates upto 7.50% p.a. in case of Bulk Deposits of Rs.one crores and above.
Other Conditions:-
  • The above scheme is open for a limited period from 01.10.2023 to 30.11.2023.
  • The scheme is of fixed maturity. No deviation in the period of deposit shall be permitted.
  • In case of premature withdrawal, the penalty clause shall be applicable.
  • Additional interest @ 1% is payable to the members of Staff and Ex-Staff (who put in a minimum continuous service of three years in the bank) on the deposits of all maturities. The additional interest payable to the Senior Citizens will not be allowed to the Ex-Staff (Senior Citizen).
  • Option for payment of Quarterly and Monthly interest (in Term Deposits) shall be available, subject to the condition that in case of payment of monthly interest, payout will be discounted based on prevailing rates.

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