:::: DEPOSIT SCHEME :::    

 "KAR-BACHAT" (Tax Savings Deposit Scheme)
Bank has introduced new Deposit Scheme "Kar-Bachat"
which is eligible for deduction u/s 80C of Income Tax Act, 1961
 

Features of Scheme 

 Period of Deposit

 Five Years

 Rate of Interest

 8.75% p.a.

 Eligible Depositors

 Single Individual / Joint Deposit (Not More than two individuals
 as Joint Holders) / HUF

 Maximum Amount of Deposit

 Rs.1,00,000/- (Rs.One Lacs Only) Any Individual as a single
 depositor or bearing first  name in the joint deposit can invest
 total amount not exceeding Rs.1,00,000/- under this scheme

 Minimum Amount of Deposit

 The deposit under the scheme cannot be pledged to secure
 loan or security to any funding / non funding credit facility
 or for any other purpose.

 Additional Interest Rate for Senior Citizen

 Applicable

 Benefits

 Higher Yield + Tax Benefit

QUARTERLY INTEREST DEPOSIT SCHEME
Features of Scheme 
 Period of Deposit  Minimum 1 year and maximum 10 years
 Interest Payment  Quarterly Interest By Payorder / Cash / Credit to Account
 Maximum Amount of Deposit  No Limit
 Minimum Amount of Deposit  Rs 1000/-
 Pledging of Deposit  Allowed
 Premature Withdrawal  Allowed with penalty of 1% in interest rate
 Additional Interest Rate for Senior Citizen  Applicable
 Eligible Depositors  All depositors

MONTHLY INTEREST DEPOSIT SCHEME

Features of Scheme
 Period of Deposit  Minimum 1 year and maximum 10 years
 Interest Payment  Quarterly Interest By Payorder / Cash / Credit to Account
 Maximum Amount of Deposit  No Limit
 Minimum Amount of Deposit  Rs 1000/-
 Pledging of Deposit  Allowed
 Premature Withdrawal  Allowed with penalty of 1% in interest rate
 Additional Interest Rate for Senior Citizen  Applicable
 Eligible Depositors  All depositors

CASH CERTIFICATE DEPOSIT SCHEME

Features of Scheme

 Period of Deposit

 Minimum 1 year and maximum 10 years

 Interest Payment

 Quarterly Compounded Interest payable on maturity

 Maximum Amount of Deposit

 No Limit

 Minimum Amount of Deposit

 Rs 1000/-

 Pledging of Deposit

 Allowed

 Premature Withdrawal

 Allowed with penalty of 1% in interest rate

 Additional Interest Rate for Senior Citizen

 Applicable

 Eligible Depositors

 All depositors

RECURRING DEPOSIT SCHEME

Features of Scheme
 Period of Deposit  Minimum 1 year and maximum 10 years
 Interest Payment  Quarterly Compounding Interest payable on maturity
 Maximum Amount of Instalment  No Limit
 Minimum Amount of Instalment  Rs 100/- per month
Pledging of Deposit  Allowed
Premature Withdrawal  Allowed with penalty of 1% in interest rate
Additional Interest Rate for Senior Citizen  Applicable
Eligible Depositors  All depositors

SHORT TERM DEPOSIT SCHEME

Features of Scheme

 Period of Deposit  Minimum 7 days and maximum 365 days
 Interest Payment  Quarterly Interest payable on maturity
 Maximum Amount of Deposit  No Limit
 Minimum Amount of Deposit  Rs 1000/- per month
 Pledging of Deposit  Allowed
 Premature Withdrawal  Allowed with penalty of 1% in interest rate
 Additional Interest Rate for Senior Citizen  Applicable 
 Eligible Depositors  All depositors
 

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