Deposit Cash Certificate
This is an ideal scheme for those who are in need of a lumpsum amount after a particular period and do not need periodical interest.
Under this scheme, quarterly interest accrued is ploughed back so that the deposit earns compound interest at quarterly intervals.
Deposit Amount:
⇒ Minimum -₹100
⇒ Maximum -No Limit
Period of Deposit:
⇒ Minimum 6 months
⇒ Maximum 120 months
Receipt: Deposit Receipts for fresh/renewal of Term Deposits will be generally issued on the same day.
Loan Facility: Available as per the prescribed rules of the Bank
Premature Payment: Available as per the prescribed rules of the Bank. (Refer other terms &conditions)
Nomination Facility: Available
Deposit Insurance : Deposit insurance coverage upto 5lakhs as per DIGCC –( Deposit Insurance and Credit Guarantee Corporation)
General Rules :
⇒ Bank reserves the right to close any account, if cheque drawn are returned unpaid frequently for want of funds or the account is considered as Irregular / non-satisfactory.
⇒ Account not operation for more than two years will be treated as inoperative / dormant account.
⇒ Bank reserves the right to alter, amend and rescind the rules from time to time.
Facility :
⇒ PMJJBY/PMJSBY
⇒ IFFCO INSURANCE
⇒ LOCKER
