These details inculude information about required documents which muct need to submit to activate any of our banking services. Customers are requested to read it carefully.
List of Documents
Customers are requested to follow all the instruction given about required documents and provide it to our bank whenever needed.
Photo ID Proof
Passport
Driving License
Voter ID Card
Government Approved College/university I.Card
Government/Semi government/Department I.Card
Aadhar Card
Address Proof
Electricity Bill (not more than 2 months old)
Landline Telephone Bill (not more than 2 months old)
Municipal Tax Bill
Rules & Regulation
Depositor has to fulfill KYC norms as per RBI directive.
Guardian can open Minor’s Recurring A/c. When minor turn major there after providing valid age proof he/she can withdraw the amount with his/her signature.
Every Depositor must have to deposit their instalments till date of opening a/c or last installment date of every month.
If Depositors failed to deposit Installment on regular basis, penalty will be levied.
The maturity amount is payable after 30 days of last instalments deposited.
If customer want to close the 12 months period deposit account before its mature period then the interest will be applicable as per Savings Interest Rate.
If Customer Deposit more instalments than required for prescribe period then Interest will not be applicable on extra installment he/she deposited.
If customer having Savings or Current a/c in the Bank then by the written application Bank will transfer Recurring Deposit instalments from that account as standing instruction.
The Bank is having rights of appropriation, set off, lien and change the rules and regulation for the scheme.
1% penalty will be levid on present interest rates.
