Eligibility

·         Individual(his/her own name) or joint

·         Minor of the age of 10 and above according to the terms and condition of the bank.

·         Minors can open their account with the name of their father/mother as guardian.

·         Clubs, Association, Educational Institution, Partnership and joint stock companies that registered and the bank must be satisfied that the account is opened for genuine savings purposes only.

Installment Frequency

Monthly

Installment Amount

·         The minimum amount to open an account is Rs 100 and thereafter you have to pay in multiples of Rs 100.

·         the maximum amount is Rs 10,000 per month.

Tenure

Minimum of 12 months to maximum 120 months

Maturity of Deposit

One month after payment of last installments or the due date whichever is later.

Senior Citizen Facility

Senior citizens get's to enjoy additional interest rate as per guidelines from time to time.

TDS

TDS is deducted on the interest payment as per the guidelines of the bank.

Premature Payment

Available, as per extant guidelines.

Overdraft/Loan facility

Available up to 95% of the outstanding balance at rate of interest as provided by the guidelines of the bank.

Nomination facility

Available.