A savings account is a secure bank account that earns interest on deposited funds, helping individuals save money over time while providing easy access to their savings when needed.
A current account is a type of bank account designed for frequent transactions, providing easy access to funds for day-to-day expenses, with features like checkbooks, overdrafts, and debit cards.
A fixed deposit is a financial instrument where money is deposited for a fixed tenure at a predetermined interest rate, offering higher returns than regular savings accounts but limiting early withdrawals.
Loans and advances are financial products provided by banks to individuals or businesses, offering funds for various purposes, such as personal needs, business expansion, or purchasing assets, usually with interest
A Recurring Deposit (RD) is a savings option where you deposit a fixed amount regularly, earning interest over a specific period. It's ideal for disciplined savings and financial growth.
Agricultural financing provides farmers with funds for production, equipment, and infrastructure. It supports farm operations, enhances productivity, and helps manage risks like weather, pests, and market fluctuations.
Microfinance services provide small loans, savings, insurance, and financial education to low-income individuals or small businesses, aiming to promote financial inclusion and reduce poverty.
Insurance services provide financial protection against risks such as accidents, illness, or property damage. They offer coverage plans to individuals or businesses, ensuring compensation for covered losses.
ATMs (Automated Teller Machines) provide cash withdrawals, deposits, and account services. Digital banking offers online access to financial services like transfers, payments, and account management through apps or websites.
Remittance services in banking allow individuals to send money across borders, often supporting families or businesses, through secure financial institutions, offering convenience and various transfer options.
Locker facilities in banking offer secure storage for valuables, such as jewelry and documents, within bank premises. Customers rent lockers for safekeeping, ensuring protection against theft or loss.
Financial Advisory Banking provides personalized advice and financial planning services to individuals and businesses, helping them make informed decisions about investments, wealth management, and financial strategies.
| Deposit scheme | ||
|---|---|---|
| Fixed Deposit | Savings Bank Deposit | |
| Current Deposit | Day Deposit | |
| Security Deposit | Recurring Deposit | |
| Group Deposit and Members benefit Scheme | ||
| Maturity Period | Gen. Public (p.a.) | Sr. Citizens (p.a.) |
|---|---|---|
| 15 days to 45 days | 5.50% | 6.00% |
| 46 days to 90 days | 6.00% | 6.50% |
| 91 days to 179 days | 6.75% | 7.25% |
| 91 days to 179 days | 6.75% | 7.25% |
| 180 days to 364 days | 7.00% | 7.50% |
| 1 Year to 2 year | 8.25% | 8.75% |
| 2 Year and above | 8.00% | 8.50% |
| Recurring Deposit | ||
| 1 Year | 6.75 % | |
| 2 years to 8 years | 6.50 % | |
| Savings Deposit | 4.0 % | |
| Loans | |
|---|---|
| Agricultural Loans Include KCC | Mortgage Loan |
| Housing Loan | Vehicle Loan |
| Kudumbasree Linkage Loan | Business Loan |
| Gold Loans | |
|---|---|
| Gold loan schemes | Gold 1 Month |
| Star Gold 3 month | 3 month Ast - Agl |
| 6 month AGL Gold | Spl Gold 6 Month |
| Gold 1 year | Gold 1 year ST |
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