Deposit Schemes
  • How to Open an account

    Download or obtain Account Opening Form from the nearest branch,fill it up properly and deposit the same with the branch of your choice along with the following:-

    (1) Furnish proof of Photo identity Card/ID Card of any accredited institution/PAN Card/the letter issued by the Unique Identification Authority of India(UIDAI)containg details of name,address and Aadhar number.

    (2) Furnish proof of Residence in the form of a copy of Ration Card/Passport/Driving License/Electricity Bill/Telephone Bill/Identity Card issued by any reputed institution.
    (Originals be shown only at the time of scrutiny of papers)/Business address.

    (3) Furnish PAN or declaration of FORM NO. 60/61 as the case may be.

    (4) Furnish 2 Photographs of all the prospective account holder


  • How to Open an account

    Download or obtain Account Opening Form from the nearest branch,fill it up properly and deposit the same with the branch of your choice along with the following:-

    (1) Furnish proof of Photo identity Card/ID Card of any accredited institution/PAN Card/the letter issued by the Unique Identification Authority of India(UIDAI)containg details of name,address and Aadhar number.

    (2) Furnish proof of Residence in the form of a copy of Ration Card/Passport/Driving License/Electricity Bill/Telephone Bill/Identity Card issued by any reputed institution.

    (Originals be shown only at the time of scrutiny of papers)/Business address.

    (3) Furnish PAN or declaration of FORM NO. 60/61 as the case may be.

    (4) Furnish 2 Photographs of all the prospective account holder

    (5) Introduction about you from a person known to the bank preferably by an Account Holder of the Branch, whose account has run satisfactorily at least for the past six months.

    (6) Furnish undertakings/ documents/ declarations as applicable. Please refer Current Account opening form for details.


  • Brief features of the product:

    - Individual (singly or jointly) with others.

    - Minor who have attained the age of 10 years and above in his/her own name on giving proof of age.

    - Minors below the age of 10 years under guardianship of Natural/legal guardian.

    - Proprietorship/Partnership Firm, Commercial Organization, Company / Corporate Body

    - Hindu Undivided Family

    - Association, Club, Society, Trust or Religious/Charitable Educational Institutions

    - Municipality or Panchayat, Government or Quasi-Government body.

    - Illiterate and blind persons can also open accounts.

    - 100/- and in multiples thereof

    Terms & Conditions:

    Period of RD - 6 months to 120 months in multiple of 3 months

    - Premature withdrawal is allowed.

    - No TDS is applicable.

    - Withdrawals on maturity or one month after deposit of last installment, whichever is later.

    - No TDS applicable

    Generally loans/overdrafts against deposits are allowed. Interest on overdue deposit is paid as per prevalent policy of the bank from time to time. Interest on bank deposits is exempt from income tax up to a limit specified by Income Tax authorities from time to time.

    Documents Required:

    The Bank requires a satisfactory introduction of the person/s opening the account by a person acceptable to the Bank. The Bank is required to obtain two recent photographs of the person/s opening the account, as per RBI directives.

    The Bank is required to obtain Permanent Account Number (PAN) or General Index Register (GIR) Number or alternatively obtain declaration in Form No.60 or 61 as per the Income Tax Act (vide Section 139A) from the person/s opening the account.

    Suggested time norms for activity:

    - Guidelines for time norms are issued by I & A D, HO

    - Dos & Dont’s: Available under Terms& conditions/Documents required.

    - Customers obligation: Completion of KYC norms and submission of complete information as required.

    - Grievance Resolution/Compensation: Grievance Resolution/Compensation policy available on website.

    Premature closure of RD Account:

    In case of premature cancellation of deposits, 1% penalty will be levied as per bank’s guidelines.

    Irregular/Discontinued RD Account:

    Non-deposit of pending installments till maturity date, interest will be paid on daily products basis compounded half yearly. Depositing of pending installments before the maturity date, penalty will be charged @ Rs.1.50 for Rs.100/- p.m.


  • Storing too much jewellery and valuables in the house at times becomes a security issue and an impediment in case of natural calamities.

    Bank offers you, a safe, trustworthy space to store your valuables, jewellery, documents and other things dear to you.

    Key Benefits:

    State-of-the-art Lockers, the safe deposit vaults with fully equipped, latest burglar alarm systems.

    For additional safety, the Locker holder assigns a code word which further increases security.

    Available in different sizes as per your requirement.

    These Lockers and their contents can be nominated to people near and dear to you.