Rules For Deposit

Some Important Rules & Information For Deposits

PAN / FORM 60 / 61 is Mandatory to open Deposit account as per income tax department
• Photo and Introduction is Mandatory for Deposit account Any Time deposit account can be open by accepting instrument like cheque, DD etc.
• New account holder can’t become introducer up to 6 months.
• Depositor ought to renew his deposit on or before 14 days after maturity date
• Term deposit’s period will be minimum 30 days and maximum of 10 years.

Saving Account

• Minimum Balance Amount (with cheque book & without cheque book) : 500/-
• Interest @ 4.00% P. A. on Savings Bank deposit is paid quarterly. (From 01.04.2010 interest will be calculated on daily product basis)


Savings Account you not only save your money but also make it grow.
• A T M Card • Quick Money Transfer(RTGS,NEFT) • Easy Payments • Personalised cheque Book.

Document
• Account opening form • Latest passport size photograph • Self cheque or cash deposit • Driving license / Voter's ID card / PAN card / Employee ID card /Passport/Addhar card • Elect/Tele.bill/ Ration card/Latest House tax receipts/Index ii • Bank passbook / statement

PAN / FORM 60 / 61 is Mandatory to open Deposit account as per income tax department

• Photo and Introduction is Mandatory for Deposit account
• Any deposit account can't be open by accepting instrument like cheque, DD etc.
• New account holder can’t become introducer up to 6 months.
• Depositor ought to renew his deposit on or before 14 days after maturity date
•Term deposit’s period will be minimum 30 days and maximum of 10 years.

Saving Account
Minimum Balance Amount (with cheque book & without cheque book) : 500/- Interest @ 4.00 p.a. on Savings Bank deposit is paid quarterly.
(From 01.04.2010 interest will be calculated on daily product basis)


Savings Account you not only save your money but also make it grow. n
• Names and signatures and latest passport sized photographs of authorized signatories