Deposits

Types Of Deposits

Saving Deposit

Customers open a savings account at the bank and bank pays interest for that money . Bank offers saving account with minimum balance of Rs.200/- (without cheque book) and balance of Rs.1500/-(with cheque book) @4% per annum.

Current Deposit

Account which is always catering for frequent deposits and withdrawls by cheque. It attracts ZERO interest

Term Deposit

Fixed/Reinvestment plans. Maximum period : 10 years.

Recurring Deposit

(RD) Deposit to which installment is monthly paid. Maximum period:10 years

Deposit Interest Rates w.e.f 19-10-2020

S.NO Period Rate Of Interest
Existing Revised
1. 15 Days to 29 Days 5.00 4.50
2. 30 Days to 45 Days 5.00 5.00
3. 46 Days to 90 Days 6.50 5.50
4. 91 Days to 179 Days 6.75 5.75
5. 180 Days to 270 Days 6.90 6.00
6. 271 Days to 364 Days 7.10 6.25
7. 1 Year and above 7.50 6.50

Senior citizens are offered an extra 0.60% interest on term deposits.

The following services are provided by the Bank to the farming community through 95 Primary Agricultural Co-operative Societies directly from Branches and general public in the district as detailed hereunder.