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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. |
