Deposits
December 17th, 2015 5:25 am | by admin | Posted in services
An amount of money held at a financial institution on behalf of an account holder for safekeeping. For example, one may keep a deposit in one’s checking account to pay for daily expenses instead of hiding one’s money “under the mattress”.
Our deposits scheme:
I.Saving Deposit
Features :
• Cheque book with account holder’s name.
• No restriction on withdrawal.
• Interest is payable quarterly.
• Statement of account will be furnished on demand basis.
• Nomination facility is available
Saving account can be opened with
1. Normal Saving Account
2. Special Saving Account
3.Atlas Saving Account
4.Premium Saving Account
5. Super Saving Account
* Note:Tax is deducted at source from the interest on saving deposit as per the Income Tax Act
Eligibility:
• Individuals only.
Documents:
The copy of the following certified documents has to be submitted while requesting for opening of Account.
• Citizenship Copy
• 4 pp size photos
Types of Saving Accounts:
| S.No. | Account Type | Interest Rate | Minimum Balance (In Rupees) |
|---|---|---|---|
| 1 | Normal Saving Account | 8.00% | 500.00 |
| 2 | Special Saving Account | 8.25% | 5,000.00 |
| 3 | Atlas Saving Account | 8.50% | 10,000.00 |
| 4 | Premium Saving Account | 9.00% | 50,000.00 |
| 5 | Super Saving Account | 10.00% | 1,00,000.00 |
| 6 | Baal Bachat Account | 9.00% | 500.00 |
• Accrued interest posted to account on quarter end..
• SMS Banking Facility.
Periodic Deposit (PD)
Features:
• Periodic Deposit can be opened with a minimum balance of NRs. 10,000.00.
• Interest is payable Quarterly.
• Loan upto 90% against Periodic Deposit Receipt.
• Time Period begins from six months.
• Nomination facility is available.
• Interest can be received in Quarterly, Yearly and as per depositor’s demand at Maturity.
• Loan upto 90% of Periodic Deposit Amount.