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  [1] SAVING BANK ACCOUNT

 A} Account can be opened by

               a) Professional in their individual name(s) individual singly or jointly

               b) Institutions, clubs,Associations, Charitable trusts, Religious

                   Institutions

               c) Government Bodies ( Relating to funds for development purpose)

 B) Rate of interest : 4% per annum

          C) Other facilities available:

              a) Cheque book facility

              b) Passbook facility

              c) Nomination facility

 D) Minimum Balance : Rs.200

 E) KYC Norms : As per extent instruction of RBI

 F) Minimum balance charge : Rs.100/- per annum, if the minimum balance not

                                           maintained and cheque leaves charge Rs.2/ per leaf at

                                           the time of issuing cheque book.

  [2] No-frill (Zero balance Saving Bank Accounts:

 A} Eligibilty to open the account:

      i) Any individual name(s) with singly or jointly as per extent KYC norms of RBI

      ii) No-frill account is zero balance account and no need initial deposit

 B} Minimum balance : zero balance with limitation of volume of transactions

                                   as per RBI norms

 C) Rate of interest : 4% per annum

 D) Service charges : No service charges

  [3] Daily Deposit (Saving Bank) Accounts:

  A} Eligibilty to open the account:

            i) Any individual who desire to save from his daily earning, can open this

              type of account with singly or jointly in the name of individual(s)

            ii) This type of account is similar to No-Frill account, but to open a account,

                a  initial deposit of Rs.50/- is required.

           iii) Only cash transaction is allowed in this account and maximum transaction

                limit is Rs.1lacs during a calander year.

 B} Minimum Balance : Rs.50/-

 C) Rate of interest : 4% per annum

 D) Service charge : Nil

 

  [4] CURRENT ACCOUNTS:

  A} Eligibilty to open the account:

         Businessmen, companies, Industries, Association etc. who have occassion

         to receive and pay amount in cash/cheque quite often. This type of account

         are to be opened for cheque facility customer only

 B} Minimum Balance and initial deposits:

        i) Initial deposits required : Rs.5000/-

       ii) minimum balance to be maintained Rs.2500/-

 C} Rate of interest : No interest.

 D} Service charges:

        i) For non-maintanance of minimum balance : Rs.50/- per month

        ii) Cheque leave charge Rs.2/- per cheque leaf while issuing cheque book.

  [5] Recurring Deposit account:

         This type of deposit is suitable for salaries persons and other persons who

          have monthly income. Deposit shall be made in equal monthly installment.

 A) Eligibility to open accounts:

          i)  Individual, signly or jointly with extent KYC norms of RBI

          ii) Parent/guarend of their minor with extent KYC norms of RBI

 B) Minimum intial deposit: Rs.50/-per month and in multiple of Rs.10/- thereof.

 C) Period : minimum 6 months to maximum 120 months.

 D) Interest rate : As applicable to fixed/term deposits ( quarterly compounding)

 E} All other business rules are applicable as per fixed deposit/term deposits.

  [6] TERM DEPOSIT (TDR) OR FIXED DEPOSIT (FD) ACCOUNTS:

 A) Eligibility to open account:

        i) an individual, singly or jointly with one or more person

        ii) Parent or guarden on behalf of their minors

        iii) Partnership firm, companies, Associations, Clubs, Charitable institutions,

            trust etc.

 B} Minimum amount of deposits : Rs.1000/- and in multiples of Rs.100/- thereof.

 C} Period : Minimum 15 days and maximum 10 years.

 D} Interest rate: Card interest rates are applicable to term deposits (i.e. simple

                            interest rates of time deposits vary depending on the period

                            of deposits)

 E} Loan facility :

         i) 75% of the deposit amount can avail by the customer as demand loan

         ii) This type of deposit can made collateral security for any other type of

             loans in the bank.

 F} Other facilities:

                         i} Nomination facility

                         ii) Premature closing

                        iii) Overdue deposit renewal

  [7] Special Term Deposits(STDR) or Special Fixed Deposit(SFD) account:

 A} Eligibilty to open account:

         i) an individual, singly or jointly with one or more person

        ii) Parent or guarden on behalf of their minors

        iii) Partnership firm, companies, Associations, Clubs, Charitable institutions,

            trust etc.

 B} Minimum amount of deposits : Rs.1000/- and in multiples of Rs.100/- thereof.

 C) Period : Minimum 6 moths and maximum 120 months.

 D} Interest rate: Quarterly compound Card interest rates are applicable to term

                            deposits (i.e. Compound  interest rates of time deposits vary

                            depending on the period of deposits)

 E} Loan facility :

           i) 75% of the deposit amount can avail as demand loan

          ii) This type of deposit can made collateral security for any other  type of

              loans in the bank.

 F} Other facilities:

          i} Nomination facility

          ii) Premature closing

         iii) Overdue deposit renewal

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