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

Sahakara Lakshmi Deposit

Deposit Interest Rates w.e.f 27.12.2021

S.NO Period Rate Of Interest
Existing Revised
1. 15 Days to 29 Days 4.50 4.00%
2. 30 Days to 45 Days 5.00 4.25%
3. 46 Days to 90 Days 5.50 4.75%
4. 91 Days to 179 Days 5.75 5.00%
5. 180 Days to 270 Days 6.00 5.50%
6. 271 Days to 364 Days 6.25 5.75%
7. 1 Year and above 6.50 6.00%

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

Sahakara Lakshmi Deposit for 1 year: ROI: 6.25%
Sahakara Lakshmi Recurring Deposit for 1 year ROI: 6.25%
Sahakara Lakshmi SHG Recurring Deposit for 1 year ROI: 6.25%

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.