Deposit Schemes




NIRANTARA DAILY
DEPOSIT SCHEME

  • Collection of savings at the door steps of the customers who are not in a position to visit the Bank.
  • Minimum contribution under the scheme is Rs.20/- and in multiples of Rs.10/-.
  • Term: 72 Months (6 Years)
  • Interest on Deposits:
    • Interest on deposit remaining with Bank upto 12 months - NIL
    • Interest on deposit remaining with Bank after 1year and before than 3 year  - 2%
    • Interest on deposit remaining with Bank after 3 year and before maturity - 3%
    • Interest on deposit remaining with Bank for 72 months(on maturity) 4%
    • Premature Closure Conditions:
      1. Before completion of 6 months: Not permitted
      2. After 6 months but before 12 months: Without interest but with penalty @2%
      3. For transfer of partial ND amount to loan accounts 2% commission is to be collected irrespective of completed period of deposit.
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VIKAS SANCHAYANI PLUS

  • Customer has to select the core amount at the time of opening of the RD account and deposit the same initially as first installment.
  • Minimum Core amount is Rs. 500/- and multiples of Rs.100/- thereafter and maximum core amount is Rs. 1,00,000/-
  • Customer can deposit up to 10 times of the core amount as installment per month from the subsequent months.
  • The installment can also be deposited one or more times during a month subject to maximum ceiling of 10 times of the core amount.
  • Minimum period 12 months or more in completed quarters up to a maximum period of 60 months
  • No penalty will be charged for premature withdrawal of RD.
  • Interest rate is as applicable to Term Deposits of the corresponding Tenor. Interest is calculated on daily product basis & credited to RD Account quarterly.





VIKAS SANTUSTI
DEPOSIT SCHEME
WITH OVERDRAFT FACILITY

  • Minimum deposit under the scheme is Rs. 10,000/- and in multiples of Rs.10, 000/- thereof.
  • Period of Deposit is 12 months.
  • Overdraft facility up to 90% will be allowed from day one of deposit as per extant guidelines.
  • The Rate of Interest is 1.5% above the applicable rate of interest on deposits.

Depositor will be issued with a cheque book after opening Deposit & Overdraft a/c. RuPay Card is also issued to these customers.





VIKAS BONANZA 456

  • Minimum of Rs. 10000/- and in multiples of Rs. 5000/- thereafter with a Maximum investment up to Rs. One Crore.
  • Tenure: 456 days
  • Interest : Compounded Quarterly.
  • Loan facility: Available up to 90% of deposit value depending upon residual maturity period as per extant norms applicable to other term deposits.





AKSHAY CASH CERTIFICATE

  • The amount accepted under this Scheme grows constantly with interest compounded on quarterly basis and the accrued interest will be paid along with principal amount of the deposit at maturity.
  • Minimum 6 months and maximum 120 Months.
  • Amount accepted under this Scheme would be a minimum of Rs.1000/-thereafter in multiples of Rs.500/-
  • Interest rate as applicable to Term Deposit as on date of Deposit for the applicable period of deposit





VIKAS TAX ULITAYA
TAX SAVING
FIXED DEPOSIT

Investment in these term deposits will be eligible for the purpose of tax benefit under Sec. 80(C), subject to the overall ceiling of Rs.1.5 lakh.

  • Eligibility: Individuals/HUF eligible to open an account with the Bank
  • Minimum Deposit: Rs.100/- and multiples thereof up to a maximum of Rs.1.5 lakh in a year
  • Tenure – Minimum of 5 years.
  • Term Deposits under this scheme are not eligible for pledge to secure loan or as security to any other asset, LD/ODD shall not be available to the depositors on the deposits.
  • No premature withdrawal