Deposits
FIXED DEPOSIT

FIXED DEPOSIT MULTI BENEFIT TERM DEPOSIT SCHEME

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.

• Minimum Deposit of Rs.100/- thereafter in convenient multiples of any amount Max Rs.99.99 lac Terms & Conditions:

• Period of FDR - Min 6 months to 120 months.

• Premature withdrawals are allowed, unless specified otherwise, at the rate of interest applicable for the period for which the deposit has run or the contracted rate whichever is lower, subject to penalty, if any, prescribed by the bank. No interest will be paid on premature withdrawals of deposit which has remained with the bank for less than 15 days.

• Generally loans/overdrafts against deposits are allowed. Such loans are sanctioned by charging interest at rates directed by RBI from time to time or as prescribed by the Bank.

• 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.

• Presently, if the total interest on term deposits, per depositor, per financial year exceeds Rs 10,000/-, the same is subject to Tax Deduction at Source (TDS) at the rates stipulated by the Income Tax Authorities.

• The eligible depositor may furnish declaration in Form No.15 H/15G preferably at the commencement of the Financial Year for receiving interest on deposits without deduction of tax.

• The Bank will issue TDS Certificate for the tax deducted. 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.

ORDINARY TERM DEPOSIT SCHEME

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. • Minimum Deposit of Rs.100/- thereafter in convenient multiples of any amount Max Rs. 99.99 lac Terms & Conditions:

• Period of FDR - Min 7 days to 179 days.

• Premature withdrawals are allowed, unless specified otherwise, at the rate of interest applicable for the period for which the deposit has run or the contracted rate whichever is lower, subject to penalty, if any, prescribed by the bank. No interest will be paid on premature withdrawals of deposit which has remained with the bank for less than 15 days.

• Generally loans/overdrafts against deposits are allowed. Such loans are sanctioned by charging interest at rates directed by RBI from time to time or as prescribed by the Bank.

• 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.

• Presently, if the total interest on term deposits, per depositor, per financial year exceeds Rs 10,000/-, the same is subject to Tax Deduction at Source (TDS) at the rates stipulated by the Income Tax Authorities.

• The eligible depositor may furnish declaration in Form No.15 H/15G preferably at the commencement of the Financial Year for receiving interest on deposits without deduction of tax.

• The Bank will issue TDS Certificate for the tax deducted. 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. SPECIAL TERM DEPOSIT SHCEME 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.

• Minimum Deposit of Rs.100/- thereafter in convenient multiples of any amount Max Rs.99.99 lac Terms & Conditions:

• Period of FDR - Min 1 year to 10 years even for incomplete quarters.

• Premature withdrawals are allowed, unless specified otherwise, at the rate of interest applicable for the period for which the deposit has run or the contracted rate whichever is lower, subject to penalty, if any, prescribed by the bank. No interest will be paid on premature withdrawals of deposit which has remained with the bank for less than 15 days.

• Generally loans/overdrafts against deposits are allowed. Such loans are sanctioned by charging interest at rates directed by RBI from time to time or as prescribed by the Bank.

• Interest on deposits is payable either monthly at discounted value or quarterly or compounded quarterly.

• 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.

• Presently, if the total interest on term deposits, per depositor, per financial year exceeds Rs 10,000/-, the same is subject to Tax Deduction at Source (TDS) at the rates stipulated by the Income Tax Authorities.

• The eligible depositor may furnish declaration in Form No.15 H/15G preferably at the commencement of the Financial Year for receiving interest on deposits without deduction of tax.

• The Bank will issue TDS Certificate for the tax deducted. 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.

ANUPAM TERM DEPOSIT SCHEME

Features

Account can be opened with minimum deposit of Rs. 10000/ 1000/- with maximum amount of Rs.99,99,000/ Period ranging from 6 months to 120 Premature cancellation of term deposit permitted. In built Overdraft facility. No separate documentation required Auto Renewal o To provide banking convenience to our customers and to ensure that there is no loss of interest to the customer, the Bank provides unless there are instructions to the contrary. Presently, fixed de the instance of customers only. The modalities of auto renewal are as under:

• Where the customer has opted for auto renewal the fixed deposit shall be auto renewed after the date of maturity except term deposit under Recurring Deposit Scheme, deposit accepted under bulk term deposit (Above Rs crore) and Inter-bank deposits.

• At the time of granting loan against the fixed deposit, the depositor consent shall be obtained for renewal of the fixed deposit and for continuation of loan facility.

• At the time of payment of FD, the customer shall have to surrender t wherever issued.

• The interest rate payable shall be the card rate applicable on the date of auto renewal of FDR, depending upon the tenor.

• The auto renewal of FD would be net of TDS, if any.

• Instructions for auto renewal can be given o For Principal and interest amount o For Principal amount only o For Period of auto renewal o For number of times auto renewal required

ANUPAM TERM DEPOSIT SCHEME

Account can be opened with minimum deposit of Rs. 10000/-and thereafter in multiples of Rs. with maximum amount of Rs.99,99,000/- Period ranging from 6 months to 120 months. Premature cancellation of term deposit permitted. No separate documentation required of Domestic Term Deposit on Maturity To provide banking convenience to our customers and to ensure that there is no loss of interest the Bank provides the facility of auto renewal of Fixed Deposit on maturity, unless there are instructions to the contrary. Presently, fixed deposit, on maturity, is renewed at The modalities of auto renewal are as under: Where the customer has opted for auto renewal the fixed deposit shall be auto renewed after the date of maturity except term deposit under SHGB Tax Saver Scheme, Recurring Deposit Scheme, deposit accepted under bulk term deposit (Above Rs bank deposits. At the time of granting loan against the fixed deposit, the depositor consent shall be obtained for renewal of the fixed deposit and for continuation of loan facility. At the time of payment of FD, the customer shall have to surrender t The interest rate payable shall be the card rate applicable on the date of auto renewal of FDR, depending upon the tenor. The auto renewal of FD would be net of TDS, if any. Instructions for auto renewal can be given Principal and interest amount For Principal amount only For Period of auto renewal For number of times auto renewal required multiples of Rs. n Maturity To provide banking convenience to our customers and to ensure that there is no loss of interest the facility of auto renewal of Fixed Deposit on maturity, posit, on maturity, is renewed at Where the customer has opted for auto renewal the fixed deposit shall be auto renewed Tax Saver Scheme, Recurring Deposit Scheme, deposit accepted under bulk term deposit (Above Rs.1.00 At the time of granting loan against the fixed deposit, the depositor consent shall be obtained for renewal of the fixed deposit and for continuation of loan facility. At the time of payment of FD, the customer shall have to surrender the original FDR, The interest rate payable shall be the card rate applicable on the date of auto renewal

TAX SAVER FIXED DEPOSIT SCHEME

Brief features of the product:

• Individuals (including illiterate, blind persons), singly or jointly, and HUF

• Minimum Deposit Rs100/- or in multiples thereof, subject to maximum deposit of Rs. 1.50 lac per financial year Terms & Conditions:

• Min deposit period 5 years & Max deposit period 10 years.

• Rebate on income tax under Sec. 80 c

• Nomination facility Available

• Lock in period of 5 years.

• Loan available after lock in period of 5 years against Deposit.

• Premature withdrawals are allowed after the completion of 5 years of deposit.

• Interest on overdue deposit is paid if the deposit is renewed, as decided by 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.

• Presently, if the total interest on term deposits, per depositor, per financial year exceeds Rs 10,000/-, the same is subject to Tax Deduction at Source (TDS) at the rates stipulated by the Income Tax Authorities.

• The eligible depositor may furnish declaration in Form No.15 H/15G preferably at the commencement of the Financial Year for receiving interest on deposits without deduction of tax

• The Bank will issue TDS Certificate for the tax deducted.

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

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