Fixed Deposit Account Rules ❖Fixed deposit scheme is an attractive scheme to deposit your savings for fix period for 7 days to 36 Months. ❖We provide attractive Interest Rates to our Customers from time to time. ❖We offer 0.50% extra Interest Rate to Senior Citizens (Age 60 or above) on fixed deposits.(Only for 181 days and above) ❖Guardian can open Minor Fixed deposit A/c. When minor turns major then at maturity he/she can withdraw the amount with his/her signature, after providing valid age proof. ❖We offer nomination facility for all deposit accounts. ❖We provide quarterly, half yearly, yearly Interest payment to our customers on their existing Fixed Deposits as per their instruction. We also provide monthly interest as per RBI guidelines. ❖Loan and Overdraft facility is available against fixed deposit receipt. ❖TDS on Interest income will be deducted as per Income Tax Act. ❖We are member of Deposit Insurance and Credit Guarantee Scheme [DICGC] in which customers deposit are insured up to Rs. 5 Lakh. Rules & Regulation for Fixed Deposit ❖Depositor has to fulfil KYC norms as per RBI directives. ❖Customer can Open Fixed Deposit A/c with minimum of Rs.1000/- ❖Guardian can open Minor Fixed Deposit A/c. When minor turn major then after ❖providing valid age proof he/she can withdraw the amount with his/her signature. ❖In the case of premature withdrawal of deposit the Applicable rate of interest minus 1% penalty will be imposed. ❖All rights reserved to the Bank management to Change the Interest Rate of the Fixed ❖Deposit Scheme without prior notice. Change of Interest rate will be applicable to new deposits only. ❖The Bank having the rights of appropriation, set off of lien deposits on maturity. Requirements to Fixed Deposit ❖ Valid Photo I.D. & Address Proof of proprietor / partners /directors Any one of proof for all partners/ directors or proprietor (Photo Id) 1.Passport, 2. Driving License, 3. Voter ID card, 4. Government Approved College/university I. Card, 5. Government / Semi government / Department I. Card 6. Aadhar Card ❖(B) Address Proof (Any One) 1. Electricity Bill (not more than 2 months old) 2. BSNL Landline Telephone Bill (not more than 2 months old) 3.Municipal Tax Bill ❖Other proof acceptable by Bank. ❖Passport Size Photograph – 2 Copies ❖Pan Card ❖Birth Certificate for minor a/c. ❖Senior Citizens have to produce age proof to avail extra Interest Rate benefit.