Jan Hiteshi Deposit Scheme
This scheme is designed specially for those persons who want to earn regular monthly income by way of interest. The principal amount remains intact.| Eligibility | Individuals Singly/Jointly, Firms, Corporate bodies, Associations etc. can open the account under the scheme. |
|---|---|
| Amount | Minimum Rs. 2500/- in Rural and Semi Urban Branches. Minimum Rs. 5000/- in Urban and Metro Branches. Additional amount in multiples of Rs. 100/- |
| Period | Minimum 12 months (in multiples of three months) & maximum 120 months |
| Interest | Applicable as per term deposits rates table. Interest on Deposit is payable monthly. |
| Tax Deduction at Source | Applicable |
| Nomination | Accepted |
| Transferability Option | Deposit can be transferred from one branch to another branch of the Bank at any other city. |
| Other facilities | Loan or overdraft against the deposit is available. Premature payment is permissible. |
