Other Details

Tax Saving Deposit Scheme (Int. Rate 7.50%p.a.)

·        Senior Citizens, who have completed 60 yrs. of age, will get 0.50% p.a. as additional interest.

·        For premature withdrawal of such deposits, the rules framed under Circular No. (264) of our bank i.e. penalty of 1% p.a. will be levied for premature withdrawal of deposit against contract rules or the rate being applicable for the  period held with the branch, whichever is less.

·        The rates are equally offered to the General Depositors as well as to all the Co-op. Societies. 

·        Scheme for individual (Single or Jointly) & for HUF also.

·        TDS exemption available u/s. 80 C of IT Act.

·        Duration for at least 5 years or maximum for 10 yrs.

·        No loans available against this scheme rule.

·        TDS rule wherever applicable.

·        Every deposit in multiple of Rs. 100/-

·        Int. paid monthly, quarterly & yearly.

·        Nomination facility available.

·        Above rates are common for all types of depositors including bank staff i.e., 7.50% p.a.

·        Rate for Senior Citizens is 8.00% p.a.

·        No premature withdrawal allowed.