SAVINGS ACCOUNT A Saving Account is a Deposit Account held at a Bank that Provides Principal Security and a Modest Interest rate. Savings Accounts are generally for money that you don`t intend to use for daily expenses. To open a Saving Account please visit nearest Branch with proper identification and address details documents and ask to open an account. Min Deposit Amount - ` 500/- Who can open? • Individual-Single Account • Joint-Two of more individuals • Minors • Associations, clubs, Societies • Institutions/Agencies • Trusts Documents Required- 1. Passport size photographs-2 2. Adhar Card Xerox 3. Pan Card Xerox Rate of Interest – 6% for every Six Months CURRENT ACCOUNT Current accounts are active accounts opened by the publics like Traders, businessman, Corporate Bodies etc. who like to operate their accounts continuously due to many receipts and payments of money in connection with their business. In these accounts there is no limit on the number of withdrawals and deposits. Who can open? •Current Accounts may be opened in the name of: • Individual accounts in the name of single person • Joint account of Two of more individuals • Sole Proprietary Concern • Associations, clubs, Societies • Trusts/Other trust Accounts • Private and Public Limited Companies and other undertakings registered under companies Act 1956 • State Financial Corporations. Documents Required- 1. Passport size photographs-2 2. Adhar Card Xerox 3. Pan Card Xerox 2. Deposits HCC FIXED DEPOSIT Ideal to earn higher rate of interest, if the investor can spare money for a specified period of time. The period ranges from 31 days to 10 years as opted by the investor. This deposit plan offers convenient solutions to both working class as well as senior citizens. These products facilitate the depositor to enjoy security and competitive rates of interest on their deposits. Period Of Deposits General Senior Citizens 15 days to 45 days 7.25 % 7.75 % 46 days to 91 days 8.00 % 8.50 % 92 days to 182 days 9.00 % 9.50 % 183 days to 364 days 9.50 % 10.00 % Interest on Fixed Deposits is paid at specified intervals i.e, monthly / quarterly / half yearly / yearly / on maturity and interest will be credited to their SB Account or Current Account. HUCHESHWARA CASH CERTIFICATE Hucheshwara Cash Certificate is a reinvestment deposit scheme which fetches double the amount in 75 Months. Period Of Deposits General Senior Citizens 1 to 2 year 10.50 % 11.50 % 2 to 3 year 11.00 % 12.00 % More than 3 year 11.25 % 11.75 % Doubled for 6 year 3 months 6 year JEDARA DASIMAYYA CASH CERTIFICATE This scheme is only for children’s, whose age falls between 0 months to 13 years and the duration for this deposit is of 13 years. The deposited amount will be 5-times of actual deposited amount within the specified duration. NOTE: Once the deposit is committed from the depositor, amount will not be refund till 13 years and depositor cannot barrow loan on the same. Documents Required- 1. Baby’s Passport size photographs-2 2. Adhar Card Xerox of the parent 3. Pan Card Xerox of the parent RECURRING DEPOSIT Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time. The minimum period of a recurring deposit is six months and the maximum is ten years. ... The rate of interest offered is similar to that of fixed deposits. Period Of Deposits General Senior Citizens 1 year 9.50 % 10.00 % 2 year 10.50 % 11.00 % 3 year 11.50 % 12.00 % PIGMY This Scheme is designed to attract small savings of all categories of depositors, whether big or small, poor or rich having the income either daily weekly, monthly or even though through uncertain source of income. Terms and conditions : 1. Minimum period of deposit : 6 months 2. Interest will be calculated on product basis a) Less than 6 Months: no interest will be credited. (Charges will apply for pre closure or withdrawal) b) 12 Months to 24 Months: Interest rate will be 5%. c) 24 Months to 36 Months: Interest rate is 5%. Loan facility: Loan is available up to 75 % of the outstanding balance and interest fixed by the society from time to time. RMCC (Rajatha Mahotsava Cash Certificate) This is one of the best deposit scheme and the duration for this deposit is for 10 years. The deposited amount will be 3-times of actual deposited amount within the specified duration. NOTE: Depositor can avail loan facility on the same and any one can open the A/C.