Apply to the concerned officer in the Bank with duly filled-in ACCOUNT OPENING FORM and the needed documents. He/She should prove his/her identity and also have the proof of address. One passport size photo of the applicant also should be submitted along with the application form.
In case the applicant is a minor, the parent is eligible to operate the account till He/She becomes matured. Joint account also can be opened. In such case, the mode of operation can be Single / Either or Survivor / Joint.
The documents which are accepted by the Bank as the proof of identity and address of the applicant are :
Fixed Deposit means an amount is deposited at Bank for a fixed period. The bank offers a fixed rate of interest for that period. The interest rate varies according to the duration. The rate of interest is decided by Registrar of Co operative Societies and it is periodically reviewed.
The Board of Directors of the Bank has decided to revise the interest rate on Term Deposits with effect from 26/07/2018. The new rates are given here under:
FIXED DEPOSIT INTEREST RATES | ||
---|---|---|
Cir No : | ||
Res DT: | ||
Deposit Period | Standard Rate | |
15 days to 46 days | 6% | |
46 days to 90 days | 6.50 % | |
91 days to 179 days | 7.25 % | |
180 days to 364 days | 7.50 % | |
1 year To Below 2 year | 8.25 % | |
2 year And Above | 8.00 % | |
Additional Interest of 0.5% for Senior Citizens |
Saving Bank Account has been introduced in banks with a primary intention of developing the saving habits of ordinary people. It allows one to deposit his cash in the bank even in small amounts and withdraw his money whenever he wants. An SB Account offers a moderate interest rate. The rate of interest is decided by Registrar of Co operative Societies and it is periodically reviewed.