Some Important Rules & Information For Deposits
PAN / FORM 60 / 61 is Mandatory to open Deposit account as per income tax department
Photo and Introduction is Mandatory for Deposit account Any Time deposit account can be open by accepting
instrument like cheque, DD etc.
New account holder can’t become introducer up to 6 months.
Depositor ought to renew his deposit on or before 14 days after maturity date
Term deposit’s period will be minimum 30 days and maximum of 10 years.
Saving Account
Minimum Balance Amount (with cheque book & without cheque book) : 500/-
Interest @ 4.00% P. A. on Savings Bank deposit is paid quarterly. (From 01.04.2010 interest will be calculated
on daily product basis)
Savings Account you not only save your money but also make it grow.
1) ATM Card 2) Quick Money Transfer(RTGS,NEFT) 3) Easy Payments 4) Personalised cheque Book.
Names and signatures and latest passport sized photographs of authorized signatories
Document
Account opening form
Latest passport size photograph
Self cheque or cash deposit
Driving license / Voter's ID card / PAN card / Employee ID card /Passport/Addhar card
Elect/Tele.bill/ Ration card/Latest House tax receipts/Index ii
Bank passbook / statement