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Our Bank has several Domestic Deposit Schemes designed to
cater to the needs of various segments of customers to meet
your specific requirement.
The features of the Anupam Account Deposit Scheme are as
under:
1. Participation
Anupam Account Scheme may be opened in the name of individual(s),
sole proprietorship concern, partnership firm, association,
trust, Ltd. Company etc. However, Anupam Account shall
not be opened in the name of a minor, illiterate and blind
persons.
2. Minimum Initial Deposit
Rs.10,000/- and thereafter in multiples of Rs.1000/- thereof.
3. Period of Deposit
For any period from 6 months to 120 months. Existing deposits
under Multi Benefit Deposit Scheme for Rs.10,000/- and above
with unexpired term of 6 months or more are eligible for transfer
to Anupam Account Scheme.
4. Overdraft Facility
Overdraft facility shall be permitted through a Current Account
and a Cheque Book will be issued to the depositor on the same
day.
The margin on the amount of overdraft against the deposit
is
For Public
Maturity Period remaining at the time of granting overdraft
|
Margin |
| Upto 2 years |
5% |
| Above 2 years and upto 3 years |
7.5% |
| Above 3 years and upto 4 years |
10.0% |
| Above 4 years and upto 5 years |
12.5% |
| Above 5 years |
25% |
5. Third Party Advance
Only depositors can avail overdraft facility against
their deposits under this scheme.
No third party advance ie Credit Facility / overdraft to persons
other than depositors is allowed under Anupam Account. Even
the overdraft facility to a proprietorship firm against Fixed
Deposit in the name of its proprietor is not allowed.
6. Premature withdrawal of Deposit
If any depositor desires to withdraw the deposit before maturity,
Bank may at its discretion repay the deposit with upto date
quarterly compounded interest at the rate applicable to the
period for which deposit remained with the bank
7. Facility of Further Fixed Deposit in the same Anupam
Account
Further, Fixed Deposit can be accepted in the same Anupam
Account on your request and the limit in the overdraft account
be increased accordingly against the additional deposit and
it will also be endorsed in the Receipt Form with you.
8. Renewal of Term Deposit on Maturity
Renewal of Fixed Deposit is permitted at your request, if
no overdraft is outstanding against it.
9. Withdrawable in multiples of Rs.1000/-
You may withdraw any amount before maturity anytime as well
in multiples of Rs.1000/- any time according to your convenience
without breaking the entire deposit and also without losing
interest on remaining part of Fixed Deposit Receipt under
the Scheme.
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