Deposits
Savings Bank Account Details
A savings account is a type of bank account that allows you to deposit money, keep it safe, and earn interest on the balance. It is mainly used for saving money rather than daily transactions.
Key features of saving account
- Attractive interest rate
- Chequebook & ATM facility
- Digital banking (like IMPS / UPI)
- Core banking facility
- Free SMS alert facility
- PMJBY / PMSBY insurance facility
- Nomination facility available
Current Account Details
A current account is a type of account that allows frequent transactions. It is useful for business houses, traders, manufacturers, and production units.
Key features of current account
- Chequebook facility
- Facility for digital banking (IMPS / UPI)
- Core banking
- Free SMS alert
- NEFT / RTGS transaction facility
- Deposit and withdraw money as often as needed to meet your business requirements.
Fixed Deposit
A fixed deposit is a type of deposit where you place a lump sum of money for a fixed period and earn a guaranteed rate of interest.
- Guaranteed returns
- Tenure 15 days to 10 years
- Auto renewal facility available
- Monthly and quarterly interest payments as required by the customer
- Loan facilities are available against this deposit.
Recurring
A recurring deposit (RD) is a type of saving scheme where you deposit a fixed amount of money every month for a fixed period and earn interest on it.
- Attractive interest rate
- Customer can open an account with a minimum amount of Rs. 100 or a multiple of it on a monthly basis.
- Minimum period 1 year
- Premature withdrawal facility available.
- Encourages saving habits
Somprabha Deposit
Somprabha deposit:- tenure 25 months & 37 months offering cumulative interest
- Loan facilities are available against this deposit.
Dhanlaxmi Deposit
Ideal for long-term investment. Offers double the invested amount on maturity.
- Loan facilities are available against this deposit.
Fixed Monthly Deposit
Ideal for long term investment
Offering monthly income of invested money
- Monthly interest Paid every month
- Premature withdrawal facility available(Terms Applied)
- Nominee facility available
- Auto renewal facility available
- Liquidity: Loan against FD available with 0 (zero) processing charges (maximum amount of FD value)
- Loan facilities are available against this deposit.
Locker Facility
- Available with different size options (depending on actual availability)
- Low rent
- Nomination facility
- Customer can avail a locker jointly with his/her family member