OUR DEPOSIT SERVICES

Deposit Products

We offer a range of deposit products designed to meet the diverse savings and investment needs of our members and customers. Choose a deposit product below to know more about its features and benefits.

Savings Deposit

A convenient account for regular savings and day-to-day banking needs.

Savings Deposit

Savings Deposit accounts are designed to encourage regular savings while providing convenient access to funds.

Interest 3.00%
Mimimum Balance Rs.500 /-
Nomination Available
Benefits & Facilities Passbook, SMS alerts, E-statement, Cheque book, Standing instructions, Insurance cover

Current Deposit

Suitable for businesses and customers requiring frequent transactions.

Current Deposit

Current Deposit accounts are designed for customers who require regular and frequent banking transactions.

Interest 0.00%
Mimimum Balance Rs.1000 /-
Nomination Available
Benefits & Facilities Passbook, SMS alerts, E-statement, Cheque book, Standing instructions, Insurance cover

Jenu Gudu deposit

A special term deposit option designed for planned savings and investment.

Jenu Gudu deposit

Specail Fixed Deposit provides an opportunity to invest funds for a specified period and earn interest at the applicable rate.

Tenure Minimum 1 year and Maximum 10 years
Interest Senior citizens 0.5% extra on deposits of one year and above
Interest Payment Interest will be paid on monthly/quarterly/half yearly/yearly basis as per the customer's convenience
Nomination Available

Fixed deposit

A general term deposit option designed for planned savings and investment.

Fixed deposit

Fixed Deposit provides an opportunity to invest funds for a specified period and earn interest at the applicable rate.

Tenure Minimum 30 days and Maximum 10 years
Interest Senior citizens 0.5% extra on deposits of one year and above
Interest Payment Interest will be paid on monthly/quarterly/half yearly/yearly basis as per the customer's convenience
Nomination Available

Cumulative/recurring deposit (monthly)

Build your savings systematically through regular monthly deposits.

Cumulative/recurring deposit (monthly)

Recurring Deposit allows customers to save a fixed amount regularly for a selected period and build a planned savings corpus.

Deposit Frequency Regular monthly deposits
Tenure Minimum 1 year and Maximum 10 years
Interest Senior citizens will get 0.50% extra
Nomination Available

Lakshmi savings deposit(PIGMY)

A systematic savings facility for customers who prefer frequent small deposits.

Daily Deposit

Daily Deposit is designed to encourage regular savings through small and frequent deposits.

Tenure Minimum 1 year
Interest As per applicable scheme
Interest Payment Quarterly compound interest
Nomination Available

Note:
The bank reserves the right to close any account if cheques drawn are returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
The bank reserves the right to close any account if the cheque drawn is returned unpaid frequently for want of funds or the account is considered irregular / non-satisfactory.
Accounts not in operation for more than two years will be treated as inoperative/dormant accounts.
Bank reserves the right to alter, amend and rescind the rules from time to time.