Term Deposits Savings

Term Deposits Savings

  • Saving Bank
    1. A minimum amount of Rs.100/- (Rupees One hundred only) should be remitted while opening an account, and the same should be kept as minimum balance all the time.
    2. Interest will be calculated for Daily balance as on the day end. No interest will be allowed unless the account earns minimum of Rs.5/- per half year. Interest earned would be rounded off to the nearest rupee. Such interest will be credited to the respective account on half yearly basis or at the time of closure of the account. Interest will be calculated at the rate applicable from time to time.
    3. For availing cheque book facility a minimum balance of Rs.500/- is to be kept in the account.
    4. An account that is not being operate continuously for three years will be treated as inoperative accounts. For this purpose interest crediting entry is not treated as a transaction.
    5. Request for closure of account should be in writing. Signed by all the account holder/s and shall submit the pass book and unused cheque leaves, if any, with the request letter for closure.
    6. The Bank reserves the right to close an account if it is not operated satisfactorily, or any other valid reasons. Such as frequent return of cheque for want of funds etc.,
    7. An account in which there are no operation for 3 years and above from the date of last operation, other than by way of any charges debited or interest credited will be treated as inoperative account. In case of account which are inoperative for one year bank will charge a service charge of Rs.10/- per half year and if the balance is less than Rs.20/- bank will be closing the account and appropriating the balance towards service charges without giving any notice to the account holder.
    8. Nomination facility is available for this type of accounts.


    1. Minimum balance violation charge Rs.10/- per occasion with a maximum of Rs.50/- half yearly will be debited from the concerned account.
    2. An amount of Rs.10/- per cheque book will be debited from the account at the time of issue.
    3. An amount of Rs.10/- will be charged for issue of duplicate pass book.
    4. An amount of Rs.50/- will be charged for each stop payment instructions.
    5. An amount of Rs.50/- per cheque will be charged for returning..
    6. Service charge of Rs.10/- will be collected ,if an account is close before one year from the date of opening the account. In the following cases, no charges will be debited
      • Transferring the account to another branch of our bank.
      • On account of death of the account holder.
    8. For maintaining inoperative accounts Rs.10/- will be charged on half yearly basis.
  • N.R.E Deposit

    Fully filled up application form accompanied by a recent copy of the passport and an NRE cheque drawn on any bank or a demand draft drawn from the country where the account holder resides favoring any bank in our country. The application should also be accompanied by three copes of recent passport photograph.

    Features & Benefits

    All features (Except cash remittances in to the accounts) for resident accounts are available for NRE SB accounts.

  • BSBDA (Basic Savings Bank Deposit Account)

    The bank has made available the benefits of BSBDA accounts for the underprivileged sections of the society, thus promoting the concept of financial inclusion.

    FEATURES OF Basic Savings Bank Deposit Account  (BSBDA -SMALL)

    01. No initial deposit required.
    02. An individual can open only 1 BSBDA (SMALL) with any one branch of his/her choice with the  bank. No further accounts in this category can be opened with the same or any other branch.
    03. BSBDA (SMALL) can be opened by any individual of any age , sex or income status.
    04 .The KYC norms for BSBDA (SMALL) are simplified. Any one of the below mentioned    procedures can be adopted.

    • Introduction from another account holder who has been subjected to full KYC procedure. The introducer’s account with the bank should be at least six months old and should show satisfactory transactions. Photograph of the customer who proposes to open the account as also his address need to be certified by the introducer.
    • Any other evidence as to the identity and address of the customer to the satisfaction of the bank.

    05. The conditions of operations for BSBA(SMALL) as notified  in Govt of India notification dated    December 16, 2010 are as under

    • Total credits in such accounts should not exceed one lakh rupees in a year.
    • Maximum balance in the account should not exceed fifty thousand rupees at any time
    • The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month
    • Remittances from abroad cannot be credited to Small Accounts without completing normal KYC formalities
    • While opening accounts as described above, the customer should be made aware that if at any point of time, the balances in all his/her accounts with the bank (taken together) exceeds Rupees Fifty Thousand (Rs. 50,000/-) or total credit in the account exceeds Rupees One Lakh (Rs. 1,00,000/-) in a year, no further transactions will be permitted until the full KYC procedure is completed. In order not to inconvenience the customer, the we must notify the customer when the balance reaches Rupees Forty Thousand (Rs. 40,000/-) or the total credit in a year reaches Rupees Eighty thousand (Rs. 80,000/-) that appropriate documents for conducting the KYC must be submitted otherwise operations in the account will be stopped.
    • Cheque book facility will not be provided to BSBDA(SMALL).
    • The number of withdrawals for BSBDA(SMALL) will be limited to 4 in a month including ATM transactions. However balance enquiry with ATM will be excluded from this limit.

    The services available free in the BSBDA(SMALL)’ will include deposit and withdrawal of cash, receipt / credit of money through electronic payment channels or by means of deposit / collection of cheques at bank branches as well as ATMs as well as availability of pass book.

  • Student SB

    Students may avail this opportunity to open SB accounts with NIL balances wherein they are  also provided with ATM cards for withdrawing cash from their accounts.