Enjoy an increasing rate of interest with longer periods of deposit. Your money remains safe and secure with an option of easy liquidity.

Key Benefits

• Loan/Overdraft facility up to 95% of the deposit amount additional to the accrued interest thereon (nature of requirement will not be a factor for withdrawal).
  
  
• For such loans interest shall be charged 1% over the deposit rate with monthly rest in case of depositor -borrower and in case of others the rate of interest will be a little higher depending upon loan amount.Interest rate on Loan against deposits of Senior Citizens shall be charged at 0.75% over deposit rate w.e.f. 01-03-2004.
  
  
• No processing fees will be charged for Loans and Advances against bank deposits.
  
  
• The Govt. of India accepts the money deposited in this plan as a security.
  
  
• Deposits can be accepted as the margin money for non-fund based facilities.
  
  
• No penalty for premature payment will be levied in case of premature payment of deposits up to Rs. 5 Lakhs provided it remained with the Bank for a minimum period of 12 months.
  
  
• On pre-matured withdrawal of your deposits, interest will be calculated at 1% below the rate applicable for the period of deposits.
  
  
• Facility for auto renewal of your deposit, in case such instructions haven't been received for the same. This ensures that you don't lose out on interest.
  
  
• Provision for nomination
  
  

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