Heading Details
1. Purpose A Short term deposit to enable depositors to earn more rate of interest which is applicable for term deposit.Accordingly depositor can choose the period ( in number of days) as per their choice.
2. Who can open the Account : 1. A person in his individual capacity.

2. More than one person in their joint names

3. A minor jointly with a major

4. Charitable and educational institutions.

5. HUF

6. Blind Persons

7. Illiterate persons

8. Private Traders,Merchants,Agents,Professionals Partnerships Firms,Companies Clubs,Societies & Corporates.
3. Documents required for opening of FDR Accounts: 1. For identifications Proof(any one of the following)

1. Passport

2. UID ( Aadhar Card )

3. Driving Licence

4. Voter ID Card

5. Pan Card

6. Govt. / Defence ID card

7. ID Card issued by Reputed employer

2. For address Proofs (any one of the following).

1. Electricity Bill

2. UID ( Aadhar Card )

3. Telephone Bill

4. Bank account statement

5. Letter from a reputed employer

6. Letter from any recognized public authority /local body

7. Income tax / wealth tax Assessment order

 

3. Proof of Date of Birth ( Applicable for Senior Citizens & Minor only)

1. For Senior Citizens( any one of the following)

· Passport

· Voter ID Card

· Driving License

· PAN Card

· PPO in case of Pensioner

2. For Minors :

· Birth Certificate issued by GramPanchayat/NAC(Notified Area Committee) / Municipal Corporation

4.One recent passport size photographs of all account holders (The above requirements are waived if the customer is already an account holder of the Bank)
4. Amount of Deposit. Min. Rs 500/- & thereafter in multiples of Rs.100/-
5. Period of Deposit: Min. 46 days Max 364 days.
6. Interest : Simple interest is payable /credited in the account on maturity of the deposit.
7. TDS TDS deducted as per IT rules on interest earned more than Rs.10000/- per annum. Those who will be submitting Form 15H/ 15G, No TDS will be deducted.
8. Nomination Facility: Nomination facility is available
9. Introduction: The introducer should be bank’s account holder and acceptable to the Bank. He should sign the Bank’s form in token of his verifying the identity of the applicant. (The above requirement is waived if the customer is already an account holder of the Bank).
10. Deposit Certificate After depositing the amount customer will be issued a printed certificate ( FDR ) with full particulars filled in such as Date of deposit, Deposit Account Number, Name of depositor/s, amount of deposit, Period, Due date of deposit, Interest Rate etc.
11. Premature Payment Payment before maturity will be available as per the prevailing rules.
12. Payment on Maturity On maturity, Payment can be made in cash to the customer up to Rupees Twenty thousand. If the amount is more than Rupees Twenty thousand either it is credited to the account of customer or Bankers Cheque is issued.
13. Loan/Advance against Deposit Loan / Advance facility is available under the scheme up to 75% of the deposit amount. ROI is charged as per Bank’s rules.