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“Now, Our Customers Can Withdraw Cash From 6500+ ATMs Across India Through "BANCS" Network”.       

        

::INFORMATION ::

AS OF 31.03.2012

a. Share Capital –
     Rs. 59.75 Cr.

b. Deposits –
     Rs. 1603.18 Cr.

c. Advances –
     Rs. 1030.34 Cr.

d. Investment –
     Rs. 474.64 Cr.

e.  CRAR –
     13.42%

 
 
 
 
 
 
 
 
 
 

 






















 

Interest Rates

Revised Interest Rate Structure effective from 18.03.2013 :
 

Period

For Public
(%)

For Senior Citizen / Staff 
( % )

For HNW*
( % )

30 days to 90 days

6.00

6.25

6.25

91 days to 270 days

6.50

6.75

6.75

271 days to 365 days

8.00 8.25 8.25
More than 12 months to 18 months 9.25 9.50 9.50
More than 18 months to 24 months 9.50 9.75 9.75
More than 24 months to 36 months 9.50 9.75 9.75
More than 36 months to 60 months 8.75 9.00 9.00

Applicability : The revised rates are applicable to fresh deposits and deposits falling due for payment on or after 18.03.2013 only.
The revised rates above will be applicable to all Term deposits kept under Monthly / Quarterly / Cumulative (KTY) / Recurring deposit schemes..

Special Deposit Schemes effective from 18.03.2013  :

 

Period

For Public
(%)

For Senior Citizen / Staff 
( % )

For HNW*
( % )
More than 12 months to 24 months (#)

9.75

10.00

10.00

Applicability :
 
 
(#) Simple Interest payable at Monthly / Quarterly intervals
  The interest rates of above Special Deposit Scheme will be applicable to Term deposits kept under Monthly / Quarterly schemes except in
  case of Corporate Deposits.

Corporate Deposits :
 

  i) The minimum single amount for the deposit is 25,00,000/-
  ii) The deposits can be maintained for a period ranging from 30 days to 90 days.
  iii) The ‘Corporate Deposits’ Scheme will be applicable to Fixed Deposits (FD) only.
  iv) Withdrawal before maturity is not permitted.
  v) The deposit/s may be accepted from Registered Trusts, Registered Co-operative Societies, Private or Public Limited Companies.
      (Individuals, Hindu Undivided Family (HUF) or Registered/ Unregistered Partnership Firms are not eligible to place this deposit.)
  vi) The rate of interest will be as per market scenario prevailing at that point of time.

Other regular features :
  (*) High Net Worth (HNW) Deposits :
  Single deposit of `15,00,000/- and above will qualify for HNW rates as per the Table shown above except in case of Corporate
  Deposits Scheme wherein the minimum deposit is 25,00,000/-

Penalty for Premature Withdrawal :
  Penalty for pre-mature repayment to be charged at 1%.
 
  Period :

  Deposit over 60 months, are not to be accepted as a matter of policy. Hence, no rate of interest is prescribed for deposits over 5 years.

  JAN-KAR Bachat Yojana :
  The Interest Rate of JANKARBACHAT YOJANA continues unchanged at 9.25% p.a.

  Savings Bank Rate:
  The interest for Saving Deposits shall continue at 4.00% p.a.

 

 
 
 

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