Participation in the scheme
Any individual including a minor, Proprietorship/Partnership Firms, Associations, Company/Corporate Bodies, Trust, Charitable and Education Institutions, Municipalities, Government/Quasi Government Bodies, NGOs, INGOs etc can open account under the scheme.

Deposit Amount Minimum Rs. 5000/- Period of Deposit 6 months upto 5 years Maturity Value Principal amount of deposit with upto date interest shall be paid on maturity date.

Premature Cancellation
If any depositor desires to withdraw the deposit before maturity, bank may at its discretion, repay the deposit with upto date interest at the rate applicable to the period for which deposit remained with the bank less penalty. Compounded interest is to be paid on the deposit upto the completed quarter and for further broken period interest will be calculated at the applicable rate on principal plus interest upto the completed quarter.

Overdue Deposit
The bank may at its discretion, allow interest on overdue deposit from the date of maturity provided the deposit is renewed from the date of its maturity for at least 15 days from the date of presentation.

Loan/overdraft
Allowed at 1.5% over deposit rate.
For further details contact the branch
The account opening form can be collected from the branch or downloaded by clicking here. The duly filled account opening form along with the relevant document can be submitted at the branch near you.