| Fixed Deposit
This is a deposit whose interest earned is simple interest. The period of deposit ranges from 15 days to 60 months. Anybody can invest money in this deposit. The customer will have option to receive interest on either monthly, quarterly, half-yearly or yearly basis. All the persons mentioned eligible in other deposits can open this account.
Cash Certificate Deposit
This is a most popular scheme in our Bank. The interest earned here is compound interest. Cash Certificate Deposit can be opened for a period ranging from 1 year to 6 years. This deposit can be opened by any individual or group of individuals jointly, firms, limited companies etc
Cumulative Deposit
One can save a fixed sum every month in this account and get a handsome lump sum amount on maturity. An ideal scheme for salary earners to build up a good sum in order to use it for children's education, marriage etc. The account can be opened by any individual or group of individuals or firms or companies etc.
The maturity period will be from 12 to 60 months.
Honey Deposit
Honey Deposit, which is popularly known as "Pigmy" account can be opened for a period from 1 to 3 years. Our collection agents will visit account holder's place daily to collect the amount. A tiny amount deposited every day will grow into a substantial sum at the end of the deposit period. |
