· MINIMUM DEPOSIT:
Rs.100/-
· INTEREST:
1. Interest will be paid on the deposits at the rates in force as per the Bank’s directive from time to time.
2. Interest amount will be paid at the time of maturity.
· PASS BOOK:
The Bank will issue a Pass Book showing the name, address, installment amount, the period for which the deposit is accepted, maturity date and maturity amount.
· LOAN AGAINST DEPOSIT:
80% Loan against deposit amount is available.
· GENERAL:
The Bank reserves the right to alter, amend, rescind the rules from time to time.
· TAX DEDUCTION AT SOURCE (TDS):
No TDS on Recurring Deposit Accounts.
The Interest rates on Deposits with effect from 01.06.2025
| S.NO. | Period | ROI(% p.a) |
|---|---|---|
| 1 | 7 days to 14 days | 4.00 |
| 2 | 15 days to 45 days | 4.00 |
| 3 | 46 days to 90 days | 4.75 |
| 4 | 91 days to 180 days | 5.50 |
| 5 | 181 days to 364 days | 6.50 |
| 6 | Exact 1 Year | 7.50 |
| 7 | > 1 Year to < 3 Years | 7.60 |
| 7 | 3 Years to 5 Years | 7.75 |
| 8 | > 5 Years to 10 Years | 6.75 |
NOTE: the Additional interest shall be allowed on all slabs to senior citizens and physically challenged persons @0.50%.All deposits are covered under Deposit Insurance and Credit guarantee Corporation.
| S. No. | Name of the Scheme | Period of Deposit | ROI |
|---|---|---|---|
| 1 | Krushi Vikas Recurring Deposit | 2 Years to above up to 10 Years (Min. ₹2,000 & Multiples of ₹1,000) | 7.80% |
