Sugam Jama Yojana (SJY)
The scheme (Flexible Deposit Scheme) offers dual advantage of high rates of interest along with the facility of part withdrawal in case of need. The amount remaining with the Bank continues to earn interest at contracted rates without loss of interest on total deposit.| Eligibility | Individuals Singly/Jointly, Firms, Corporate bodies, Associations etc. can open the account under the scheme. |
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| Amount | Minimum Rs. 10,000/- & multiples of 10 units of Rs. 100/- each. |
| Period | Minimum 03 months (in multiples of three months) & maximum 120 months |
| Interest | Applicable as per term deposits rates table. |
| Tax Deduction at Source | Applicable |
| Nomination | Accepted |
| Transferability Option | Available within Bank's Branches |
| Other facilities | Withdrawal in multiples of 10 units of Rs. 100 each is available. |
