Products & Services-Deposits

Account can be opened by

A.   Mode

  1. Individuals singly or jointly
  2. Professionals in their individual names.
  3. Clubs, Associations, Charitable trusts, Religions Institutions.
  4. Government bodies established under specific acts.

B.   Rate of Interest: 3.00 % per annum on daily product basis.

C.   Minimum initial deposit & minimum balance in the account.

  1. Rs.500/- without cheque book in rural branches.
  2. Rs.1,000/- without cheque book in semi-urban & urban branches.
  3. Rs.1,000/- with cheque book in rural branches.
  4. Rs.1,500/- with cheque book in semi-urban branches
  5. Rs.2,000/- with cheque book in urban branches.

D.  Nomination facility.

Eligibility to open the account:

  1. Except Institutions, Associations, Trusts, Clubs, Societies, all Individuals can open this account, following the extant KYC norms.
  2. Initial/ minimum balance: Zero balance
  3. Rate of interest: As per SB deposit (3.00% P.A at present)

Service charges: No service charges for non-maintenance of balance.

  • Minimum balance of Rs.25,000/- shall be maintained in the SB account. Balance available in SB account over and above Rs.25,000/- on any day will be automatically swept-out into fixed deposit of 180 days term in units of Rs.1,000/- each.

  • In the event of shortfall in the relative SB account due to drawl of fund, then the fixed deposit will be swept back into SB account in required number of units on the basis of ‘LAST IN FIRST OUT (LIFO)’.

  • No penalty will be levied for premature closure of FD account for bringing the balance in SB account to minimum level.

  • The Deposit swept back into SB, if it has remained in FD for more than 15 days, shall earn interest as per the prevailing rates.

  • Even while breaking the Fixed Deposit, only the most recently converted fixed deposit will be broken first to minimize the interest loss to the customer.

  • When the Fixed Deposit matures at the end of 180 days, it will automatically renew the principle for next 180 days term, simultaneously crediting the interest to the Savings Bank account of the Customer.

  • Service charge of Rs.100/- per month will be levied whenever the monthly average balance in the premium SB account goes below Rs.25,000/-.

  1. a) Platinum Savings Bank Account

 

S.

No.

Parameters

Details

1

Eligibility

1.   Resident Individuals, HUFs

2.   NRE / NRO customers

2

Type of accounts

Individuals, Joint Accounts, Guardian on behalf of minors

3

Minimum balance in the account

Rs.50000/- monthly average balance to be maintained

4

Interest Rate

As applicable to SB deposits

5

Nomination Facility

Available

6

Value added facilities

 

 

Debit Card

Free Platinum Debit Card for 1st year & standard AMC charges will be applicable thereof.

ATM Cash Withdrawal

Rs.50000/- in our Bank ATM. In other Bank ATMs limit as applicable for Platinum Cards

Statement of A/Cs

Free

SMS alerts

Free

Mobile Banking registration / Reset

Password

 

Free

Internet Banking registration / Reset

Password

 

Free

NEFT /   RTGS   /   IMPS

charges

Free

Cheque Leaves

Free, first 100 leaves

Non      maintenance             of Minimum Balance

As applicable to regular savings accounts

Passbook

Free at once, if lost/duplicate passbook standard charges will be applicable

A/C closure charges

If closed within 30 days @ 500+GST, except in case of death. Beyond 30 days’ standard charges will be applicable.

 

Eligibility to open the account:

  1. Businessmen, Companies, Industries, Associations who; have occasion to receive and pay amount in cash/ Cheques quite often. These accounts are to be operated by Cheques only.
  2. Minimum initial deposit & minimum balance in the account.
    1. Rs.5,000/- in urban
    2. Rs.3,000/- in semi-urban
    3. Rs.2,000/- in rural branches.
  3. Interest: No interest (As per RBI guidelines)
  4. Service charges:
    1. For non-maintenance of minimum balance Rs.200/- + GST per month.
    2. Cheque leave charges Rs.5/- per cheque leaf while issuing chequebook.
    3. Ledger folio charges: Rs.100/- folio + applicable GST per quarter with a minimum of 300/- + applicable GST for Current Accounts.

S. No.

Parameters

Details

1

Name of the Product

Premium Current Account

 

2

 

Nature of deposit

High value product for Firms, Companies, Institutions, HUF, Individuals with high net worth.

 

 

3

 

 

Who can open a current account?

 

Traders, Trust, Businessman, HUF, Proprietorship / Partnership firm, Private / Public Limited Companies, Clubs, Associations, Societies, Banks & Institutions

 

4

Minimum monthly average Balance

 

Rs.1,00,000/-.

5

Maximum Balance

No upper limit

 

6

Charges for non-maintenance of min MAB

 

Rs.500/-+GST

7

Interest Payment

No Interest payable

8. Key benefits

 

A

 

Cash handling charges

Free up to daily Rs.5.00 lakhs per account per day and thereafter Rs.100/-+GST per lakh

B

Cheque Book

50 leaves Free

 

C

 

Monthly statement

Free two times in a month and thereafter Rs.20/- + GST per occasion

D

RTGS,NEFT, IMPS

First 5 transactions in a month free

E

Debit card facility

Free

F

Mobile Banking Facility

Free

G

Internet Banking Facility

Daily limit of Rs.10 lakh

H

Issuance of Balance Certificate

Free

I

Signature Verification

Free

J

Account Closure within 1 year

Rs.500/-+GST

All other guidelines as applicable to normal current accounts will continue.

 

S. No.

Parameters

Details

1

Name of the Product

Platinum Current Account

 

2

 

Nature of deposit

 

High value product for Firms, Companies, Institutions, HUF, Individuals with high net worth.

 

 

3

 

 

Who can open a current account?

 

 

Traders, Trust, Businessman, HUF, Proprietorship / Partnership firm, Private / Public Limited Companies, Clubs, Associations, Societies, Banks & Institutions

 

4

Minimum monthly average Balance

 

Rs.5,00,000/-.

5

Maximum Balance

No upper limit

 

6

Charges for non-maintenance of min MAB

 

Rs.1000/-+GST

7

Interest Payment

No Interest payable

8. Key benefits

 

A

 

Cash handling charges

 

Free up to daily Rs.10.00 lakhs per account per day and thereafter Rs.100/-+GST per lakh

B

Cheque Book

100 leaves Free

 

C

 

Monthly statement

 

Free two times in a month and thereafter Rs.20/- + GST per occasion

D

RTGS,NEFT, IMPS

First 10 transactions in a month free

E

Debit card facility

Free

F

Mobile Banking Facility

Free

G

Internet Banking Facility

Daily limit of Rs.10 lakh

H

Issuance of Balance

Certificate

Free

I

Signature Verification

Free

J

Account Closure within 1 year

Rs.500/-+GST

All other guidelines as applicable to normal current accounts will continue.

 

This deposit scheme is suitable for salaried persons and other persons who receive monthly income. Deposit shall be made in equal monthly instalments.

  1. Eligibility to open: 
  • Individuals, Singly or Jointly.
  • Guardian on behalf of Minors.
  1. Minimum amount: Rs.50/- per month and in multiples of Rs.10/- thereof.
  2. Period: 1 to 10 years (in completed quarters)
  3. Interest: As applicable to fixed deposit/term deposits.
  4. Nomination facility available.

Note: “All other business rules applicable to fixed deposit are applicable to this deposit scheme”.

  1. a) Flexi-Recurring Deposit account:

 

Parameter

Features

Name of the

Product

Pragathi RD Flexi Deposit

Eligibility

All Resident Individuals

Period

12 Months to 60 Months

Installment

Minimum Rs. 100/- and in multiples of Rs. 100/- up to Maximum Rs. 50,000/-.

Interest frequency

Quarterly payout

Rate of Interest

Prevailing Interest rates depending on the period of the Deposit.

 

 

 

 

Add on Benefits

·      Loan/Over Draft against the RD deposit is available

·      Nomination facility is available.

·      No penalty will be levied for late crediting of Installments. However, in case of premature withdrawals, not more than 1% rate will be levied as penalty.

·      No limits for crediting of installment. Which means customer can credit any value of amount at any number of times in a month or during the deposit period.

·      No Interest penalty for delayed/ nonpayment of installment during the deposit period.

 

This deposit scheme is more suitable and useful to the depositors who deal with small business units, service sector, and earn money daily. The Bank’s agent will visit their houses/business places to collect the deposit amount.

  1. Minimum amount of deposit is Rs.50/- and in multiples of Rs.5/- thereafter.
  2. Period of deposit is 63 months.
  3. Loan facility available against this deposit.
  4. Interest rates applicable to NND Deposit scheme (separately).

1

Name of the deposit

PRAGATHI  LAKSHADHIKARI

2

Who can open the deposit

An individual/ jointly with one or more persons etc.

3

Period of Deposit

5 years 3 Months

4

No. of monthly instalments

63

5

Amount of Monthly instalment               

Rs.1,340/-(Rupees One Thousand Three Hundred Forty only)  

6

Rate of interest

  1. For General public @ 5.70% p.a.

  2. For Senior Citizens @ 6.30% p.a.

7

Date of Maturity

One month after the last instalment has been paid or on the expiry of the period for which the deposit was  accepted , whichever is later, irrespective of whether  last instalment is paid with penalty in subsequent  month.

8

Loan on deposit                                      

LD can be considered by maintaining the margins as prescribed by the bank.

9

Nomination facility                           

Available

10

Premature closure                                

permitted as per existing rules    

 

  1. Eligibility to open: - An Individual - Jointly with one or more persons. - Guardian on behalf of Minor. - Partnership firms, Companies, Associations, Clubs, Charitable Institutions, Trusts etc.

  2. Minimum amount of deposit: Rs.500/- and in multiples of Rs.100/- thereof.

  3. Period: Minimum 7 days and maximum 10 years.

  4. Interest: Card interest rates applicable to term deposits (interest rate vary depending on the period of deposit)

  5. Loan facility: Loan facility against the deposit is available.

  6. Other facilities:

    • Nomination facility

    • Premature closing of deposit

    • Overdue deposits-renewal

  1. Eligibility to open: As furnished in Fixed Deposit account scheme.

  2. Minimum amount of deposit: Minimum of Rs.500/- and in multiples of Rs.100/- thereof.

  3. Period: 12 months to 120 months (in completed quarters 12,15,18 so on)

  4. Interest rate: Card Interest rates applicable to term deposits (interest rate varying depending on the period of deposit. Interest will be compounded quarterly and credited to the account on quarterly basis)

  5. Nomination facility available.

This deposit scheme is introduced on the lines of the Central Government Notification on Bank term deposit scheme 2006 for the purpose of sec.80C(2)(XXI) of the Income Tax Act. The amount deposited under this scheme is eligible to claim exemption (upto Rs.1,50,000/-) under sec.80C of IT Act 1961.

  1. Eligibility to open 
  • Individuals, Singly or Jointly 
  • HUF are eligible to open the account.
  1. Minimum amount: Rs.100/- and multiples there of up to a maximum of Rs.1.50 lakh in a financial year.
  2. Period: Five (5) years only.
  3. Rate of Interest: As applicable to the fixed deposit/ Term deposits of 5 years’ period.
  4. Lock in period: The deposit cannot be closed prematurely before completion of five (5) years period.
  5. Loan facility: Deposits under this scheme are not eligible for pledge to secure loan or as security to any loan.
  6. Nomination facility available.

  Pragathi Kuber -444 days – Special Deposit Product

 

S. No.

Name of the Product

“Pragathi Kuber-444”

1

Tenure of Deposit

444 Days

2

Minimum amount of Deposit

Rs.10,000/- (and in multiples of Rs.1000/- part thereof)

3

Rate of Interest

7.50 % p.a. for General Public

7.55 % p.a. for General Public - Women

4

Payment of Interest

Interest will be compounded on quarterly intervals and will be paid at the time of maturity only.

5

Nomination facility

Applicable as in the case of other deposits.

6

TDS

Interest Income is liable for Tax as per the IT Act.

7

Automatic Renewal Facility

Not available

8

Loan on Deposit

The Depositor can avail loan on this deposit as per the rules of the Bank.

9

Premature Closure

As per prevailing rules of the Bank.

10

Maximum Amount of Deposit

Below Rs.1.00 Crore

11

Offer Period

06.11.2023 to 31.03.2024

12

Other Guidelines

·       The Deposit shall be accepted from individuals, firms and institutions on Callable basis only.

·       Non-callable deposits shall not be accepted under the product.

 

  • Further, additional interest rate over and above the applicable card rate will be applicable to Senior Citizens, Super Sr. Citizens, Staff & Retired Staff Members respectively, as per the existing guidelines

 

  Pragathi Kuber -444 days – Special Deposit Product

 

S. No.

Name of the Product

“Pragathi Kuber-444”

1

Tenure of Deposit

444 Days

2

Minimum amount of Deposit

Rs.10,000/- (and in multiples of Rs.1000/- part thereof)

3

Rate of Interest

7.50 % p.a. for General Public

7.55 % p.a. for General Public - Women

4

Payment of Interest

Interest will be compounded on quarterly intervals and will be paid at the time of maturity only.

5

Nomination facility

Applicable as in the case of other deposits.

6

TDS

Interest Income is liable for Tax as per the IT Act.

7

Automatic Renewal Facility

Not available

8

Loan on Deposit

The Depositor can avail loan on this deposit as per the rules of the Bank.

9

Premature Closure

As per prevailing rules of the Bank.

10

Maximum Amount of Deposit

Below Rs.1.00 Crore

11

Offer Period

06.11.2023 to 31.03.2024

12

Other Guidelines

·       The Deposit shall be accepted from individuals, firms and institutions on Callable basis only.

·       Non-callable deposits shall not be accepted under the product.

Further, additional interest rate over and above the applicable card rate will be applicable to Senior Citizens, Super Sr. Citizens, Staff & Retired Staff Members respectively, as per the existing guidelines

Rate of Interest – 444 days

7.30 % p.a. for General Public

7.35 % p.a. for Women General Public

7.80 % p.a. for Senior Citizens

7.85 % p.a. for Women Senior Citizens

8.05 % p.a. for Super Senior Citizens

8.10 % p.a. for Women Super Senior Citizens

Special features: Interest on the deposit will be paid on monthly basis/intervals on the discounted value, to meet the monthly requirement of funds by a depositor.

  1. Eligibility to open: As furnished in fixed deposit scheme.
  2. Minimum amount: Minimum deposit Rs.500/- and in multiples of Rs.100/- thereon.
  3. Period: 12 months to 120 months, in completed quarters i.e. 12,15,18, 21 so on.
  4. Interest: Card interest applicable to term deposits, Interest shall be calculated and payable at monthly intervals.
  5. Nomination: Nomination facility is available.
  6. Others: If customer desires, interest earned can be re-invested in Recurring Deposit.

Note: “All other business rules as applicable to Fixed Deposit scheme are equally applicable”.

The bank is offering Locker facility across various branches of the Bank. The locker rent for various sizes of the locker unit is furnished below;

Lockers: 

A-Locker Security Deposit 

Locker Size

Rural Branch

Semi Urban Branch

Urban Branch

Small

10,000/-

10,000/-

10,000/-

Medium

15,000/-

15,000/-

15,000/-

Large

20,000/-

20,000/-

20,000/-

Very Large

25,000/-

25,000/-

25,000/-

B-Locker Rent

Locker Size

Rural Branch

Semi Urban Branch

Urban Branch

Type

Measurements

Particulars

Charges

Small

5”X7.2”X20.08”

1,000/- + GST

1,500/- + GST

1,500/- + GST

Medium

5”X14.4”X20.08”

2,000/- + GST

2,500/- + GST

2,500/- + GST

Large

11.12”X14.4”X20.08”

3,000/- + GST

3,500/- + GST

3,500/- + GST

Very Large

12.88X17.36”X20.08”

4,500/- + GST

5,500/- + GST

5,500/- + GST

C-Locker Operations

Particulars

Charges

Free visits per year

12

Charge per visit for exceeding free visits

100/- + GST

One time locker registration charges

a-Small & Medium size-500/- + GST

b-Large & Very Large size-1,000/- + GST

Loss of Locker Key/Break open charges

(1,000/- + Actual expenditure incurred) + GST

 

The Bank is providing Foreign Inward Money Transfer facility to the customers through “Ebix Payment Services Pvt Ltd” which is a Principal agent for Foreign money transfer companies like Western Union and RIA. The customers of the bank through our branches can now avail the facility of Inward remittances initiated by the individuals residing in foreign countries. The Bank is providing this service at FREE OF COST to the customers.  Customers shall visit any of our nearest branches to grab this opportunity and avail this facility.

The bank is providing various deposit products for NRI customers across 164 branches. Please contact your nearest branch for further details.

BIC Name of the Branch Region  District Category
1070 Anantapur -  Ambedkar Road ATP ATP Urban
1084 Anantapur -  Medical College ATP ATP Urban
1082 Anantapur -  Nirmala Convent ATP ATP Urban
1083 Anantapur -  Sai Junior College ATP ATP Urban
1089 Anantapur -  Venugopalnagar ATP ATP Urban
1081 Anantapur - Maruthinagar  ATP ATP Urban
1071 Anantapur - PTC ATP ATP Urban
1002 Anantapur Main ATP ATP Urban
1075 Gooty ATP ATP Semi Urban
1025 Guntakal ATP ATP Urban
1106 Guntakal - Hanumesh Nagar ATP ATP Urban
1030 Kalyanadurg ATP ATP Semi Urban
1007 Pamidi ATP ATP Semi Urban
1031 Rayadurg ATP ATP Semi Urban
1077 Tadipatri ATP ATP Urban
1101 Tapovanam ATP ATP Urban
1065 Uravakonda ATP ATP Semi Urban
2166 Gopavaram KDP KDP Semi Urban
2138 Jammalamadugu KDP KDP Semi Urban
2177 Kadapa  -  Nagarajupet KDP KDP Urban
2143 Kadapa -  Jayanagar Colony KDP KDP Urban
2140 Kadapa -  Kagitalapenta KDP KDP Urban
2116 Kadapa -  Mochampet KDP KDP Urban
2162 Kadapa -  Nesco KDP KDP Urban
2156 Kadapa -  Police Line KDP KDP Urban
2164 Kadapa -  Yerramukkapalli KDP KDP Urban
2013 Kadapa Main KDP KDP Urban
2057 Kamalapuram KDP KDP Semi Urban
2158 Khajipet KDP KDP Semi Urban
2174 Moragudi KDP KDP Rural
2019 Proddatur KDP KDP Urban
2167 Proddatur -  Modampalli KDP KDP Urban
2145 Pulivendula KDP KDP Semi Urban
2022 Vaimpalli KDP KDP Semi Urban
2120 Yerraguntla KDP KDP Semi Urban
1029 Dharmavaram KDR ATP Urban
1103 Dharmavarm Kothapeta KDR ATP Urban
1076 Hindupur KDR ATP Urban
1090 Kadiri -  M.G. Road KDR ATP Semi Urban
1032 Kadiri Main KDR ATP Semi Urban
1073 Penukonda KDR ATP Semi Urban
1035 Puttaparthy KDR ATP Semi Urban
3003 Adoni KNL KNL Urban
3165 Adoni -  Mosque Street KNL KNL Urban
3021 Alur KNL KNL Semi Urban
3090 Dhone KNL KNL Semi Urban
3149 Gudur KNL KNL Semi Urban
3034 Kodumur KNL KNL Semi Urban
3156 Kurnool -  Govt. General Hospital KNL KNL Urban
3136 Kurnool -  Krishna Nagar KNL KNL Urban
3168 Kurnool -  Revenue Colony KNL KNL Urban
3162 Kurnool -  Sri Srija EM School KNL KNL Urban
3159 Kurnool - Poolabazar KNL KNL Urban
3169 Kurnool - ZP Office Complex KNL KNL Urban
3009 Kurnool Main KNL KNL Urban
3036 Mantralayam KNL KNL Semi Urban
3148 Nandikotkur KNL KNL Semi Urban
3081 Pathikonda KNL KNL Semi Urban
3146 Peapully KNL KNL Semi Urban
3075 Veldurthy KNL KNL Semi Urban
3070 Yemmiganur KNL KNL Semi Urban
3167 Yemmiganur -  Siva Circle KNL KNL Semi Urban
3158 Allagadda NDL KNL Semi Urban
3065 Atmakur NDL KNL Semi Urban
3147 Banaganapalle NDL KNL Semi Urban
5052 Bestavaripet NDL PKM Rural
3025 Betamcherla  NDL KNL Semi Urban
3153 Chagalamarry NDL KNL Semi Urban
5069 Cumbum NDL PKM Semi Urban
5106 Darsi NDL PKM Semi Urban
5059 Giddalur NDL PKM Semi Urban
3049 Koilakuntla NDL KNL Semi Urban
5193 Komarolu NDL PKM Semi Urban
5099 Kurichedu NDL PKM Rural
5046 Markapur NDL PKM Semi Urban
3160 Nandyal -  Bala Junior College NDL KNL Urban
3163 Nandyal -  SPY Reddy Degree College NDL KNL Urban
3166 Nandyal -  Srinivasa Nagar NDL KNL Urban
3182 Nandyal - NGO Colony NDL KNL Urban
3110 Nandyal Main NDL KNL Urban
3106 Noonepalli NDL KNL Urban
3173 Panyam NDL KNL Semi Urban
3183 Srisailam NDL KNL Semi Urban
3029 Tangutur NDL KNL Rural
3161 Velugodu NDL KNL Semi Urban
5058 Yerragondapalem NDL PKM Semi Urban
4093 Atmakur NLR NLR Semi Urban
4084 Butchireddypalem NLR NLR Semi Urban
4104 Chejarla NLR NLR Rural
4033 Gudur NLR NLR Semi Urban
4028 Gudur -  Malavyanagar NLR NLR Semi Urban
4119 Gudur - DRW College NLR NLR Semi Urban
4111 Kaligiri NLR NLR Rural
4100 Kaluvoy NLR NLR Semi Urban
4050 Kavali NLR NLR Semi Urban
4118 Kavali -  Janathapet NLR NLR Semi Urban
4034 Kulluru NLR NLR Rural
4103 Muthukuru NLR NLR Semi Urban
4065 Naidupeta NLR NLR Semi Urban
4112 Nellore -  AK Nagar NLR NLR Urban
4125 Nellore -  Balaji Nagar NLR NLR Urban
4126 Nellore -  Kisan Nagar NLR NLR Urban
4115 Nellore -  Mulumudi Bus Stand NLR NLR Urban
4114 Nellore -  SMV Branch NLR NLR Urban
4101 Nellore -  Stonehouse Pet NLR NLR Urban
4008 Nellore -  Vedayapalem NLR NLR Urban
4127 Nellore - Dycus Road NLR NLR Urban
4001 Nellore Main NLR NLR Urban
4097 North Raju Palem NLR NLR Rural
4124 Penchalakona NLR NLR Rural
4098 Podalakur NLR NLR Semi Urban
4087 Sullurupet NLR NLR Semi Urban
4073 Udayagiri NLR NLR Semi Urban
4002 Vakadu NLR NLR Rural
4066 Venkatagiri NLR NLR Semi Urban
4120 Venkatagiri Cross Roads NLR NLR Semi Urban
4071 Vinjamoor NLR NLR Semi Urban
5169 Addanki OGL PKM Semi Urban
5085 Cheemakurthi OGL PKM Semi Urban
5188 Chirala OGL PKM Semi Urban
5207 Chirala Rural (Perala) OGL PKM Semi Urban
5199 Inkollu OGL PKM Semi Urban
5210 Kandukur-Kanigiri Road OGL PKM Semi Urban
5186 Kandukuru OGL PKM Semi Urban
5191 Kanigiri OGL PKM Semi Urban
5107 Karamchedu OGL PKM Semi Urban
5089 Kondepi OGL PKM Rural
5196 Kothapeta OGL PKM Semi Urban
5105 Martur OGL PKM Semi Urban
5094 Medarametla OGL PKM Semi Urban
5204 Ongole -  Gandhi Bazar OGL PKM Urban
5215 Ongole -  Kammapalem OGL PKM Urban
5092 Ongole - Market Centre OGL PKM Urban
5110 Ongole - Mungamur Road OGL PKM Urban
5168 Ongole Main OGL PKM Urban
5096 Pamuru OGL PKM Semi Urban
5108 Pandillapalli OGL PKM Rural
5109 Parchuru OGL PKM Semi Urban
5195 Pernamitta OGL PKM Semi Urban
5090 Podili OGL PKM Semi Urban
5102 Singarayakonda OGL PKM Semi Urban
5202 Tanguturu OGL PKM Semi Urban
5095 Ulavapadu  OGL PKM Semi Urban
2083 Badvel RJP KDP Semi Urban
2118 Boyanapally RJP KDP Rural
2092 Chinnamandem RJP KDP Semi Urban
2117 Kodur (Rly.) RJP KDP Semi Urban
2078 Mydukur RJP KDP Semi Urban
2087 Nagaripadu RJP KDP Rural
2032 Nandalur RJP KDP Rural
2018 Obulavaripalle RJP KDP Rural
2175 Penagalur RJP KDP Rural
2094 Pondalur RJP KDP Rural
2007 Porumamilla RJP KDP Semi Urban
2150 Pullampet RJP KDP Rural
2076 Rajampet RJP KDP Semi Urban
2163 Rajampet -  R.S. Road RJP KDP Semi Urban
2107 Rayachoty RJP KDP Semi Urban
2020 Rayavaram RJP KDP Rural
2109 Settigunta RJP KDP Rural
2053 Siddavatam RJP KDP Rural
2154 Tsundupally RJP KDP Semi Urban
2197 Utukuru RJP KDP Rural
2122 Vathalur RJP KDP Rural

S. No.

Name of the Product

“Pragathi Thriveni-333”

1

Tenure of Deposit

333 Days

2

Minimum and Maximum amount of Deposit

Minimum Rs.10,000/- (and in multiples of Rs.1000/- part thereof) and Maximum below Rs.1.00 Crore only

3

Rate of Interest *

 

7.45% p.a. for General Public

7.95% p.a. for Senior Citizens

8.20% p.a. for Super Senior Citizens

*0.05% additional ROI for Women Depositors

4

Payment of Interest

Interest will be compounded on quarterly intervals and will be paid along with principal at the time of maturity.

 

Option of Monthly Interest Pay-out also will be available.

5

Nomination facility

Applicable as in the case of other deposits.

6

TDS

Interest Income is liable for Tax as per the IT Act.

7

Automatic Renewal Facility

Not available (Branches shall affix a seal to this effect on the Deposit Receipt invariably)

8

Loan on Deposit

The Depositor can avail loan on this deposit as per the rules of the Bank.

9

Premature Closure

As per prevailing rules of the Bank.

10

Offer Period

07.10.2024 to 31.12.2024

11

Other Guidelines

The Deposit can be accepted from Individuals, Firms and Institutions.

Key Highlights:

Sl. No

Parameters

Details

1

Name of the Product

Pragathi Premium Savings Bank Account

2

Eligibility

1. Resident Individuals, HUFs

2. NRE / NRO customers

3

Type of accounts

Individuals, Joint Accounts,

Guardian on behalf of minors

 

4

Monthly Average Balance (MAB)

URBAN

SEMI URBAN

RURAL

Rs.25,000/-

Rs.15,000/-

Rs.10,000/-

5

Interest Rate

As applicable to SB deposits

6

Nomination Facility

Available

7

Value added facilities

 

 

SMS Charges

Free

 

Debit Card

Free Debit Card

ATM Cash Withdrawal

Rs.50,000/- per day

Mobile Banking Registration /

Reset Password

Free

Internet Banking Registration /

Reset Password

Free

Locker Facility

* Waiver of 25% of Annual Rent

Non-Maintenance of Minimum Balance

As applicable to regular Savings Accounts

 8

A/c Closure Charges

If closed within 30 days: @ Rs.500+GST, except in case of death.

Beyond 30 days: Standard charges will be applicable.

*subject to availability of locker facility & vacancy position in the branch

Key Highlights:

Sl. No

PARAMETER

FEATURES

1

Name of the Product

Pragathi Premium Current Account

2

Nature of the Product

High Value product for Firms, Companies, Institutions, HUF & individuals with high net worth

3

Target Group

Traders, Trust, Businessman, HUF, Proprietorship / Partnership firm, Private / Public Limited Companies, Clubs, Associations, Societies, Banks and Institutions

 

4

Monthly Average Balance (MAB)

URBAN

SEMI URBAN

RURAL

Rs.1,00,000/-

Rs.50,000/-

Rs.25,000/-

5

Maximum Balance

No upper limit

6

Charges for non-maintenance of minimum MAB

Rs.500 + GST

7

Interest Payment

No interest Payable

 

Key Benefits Extended for Premium Current Account in URBAN Area:

 

 

 

1

Cash Handling Charges

Free upto a limit of Rs.1.00 crore per month. Thereafter, Rs.1/- per thousand with a minimum of Rs.100/- + GST

2

Ledger folio charges

NIL

3

Cheque Book

25 leaves free

4

RTGS, NEFT

Free Monthly 5 transactions

5

IMPS

Free Monthly 10 transactions

6

Debit Card facility

Available as per eligibility

7

Mobile Banking Facility

Free

8

Internet Banking Facility

Daily limit of Rs.10.00 lakhs

9

QR code

Free along with Stand

10

Account Closure Charges

Rs.500/- + GST for closure within 1 year of opening.

As per Service Charges for closure above 1 year of opening.

 

Key Benefits Extended for Premium Current Account in SEMI URBAN Area:

 

1

Cash Handling Charges

Free upto a limit of Rs.1.00 crore per month. Thereafter, Rs.1/- per thousand with a minimum of Rs.100/- + GST

2

Ledger folio charges

NIL

3

Cheque Book

25 leaves free

4

NEFT

Free Monthly 5 transactions

5

Debit Card facility

Available as per eligibility

6

Mobile Banking Facility

Free

7

Internet Banking Facility

Daily limit of Rs.10.00 lakhs

8

QR code

Free along with Stand

9

Account Closure Charges

Rs.500/- + GST for closure within 1 year of opening.

As per Service Charges for closure above 1 year of opening.

 

 

 

Key Benefits Extended for Premium Current Account in RURAL Area:

 

1

Cash Handling Charges

Free upto a limit of Rs.1.00 crore per month. Thereafter, Rs.1/- per thousand with a minimum of Rs.100/- + GST

2

Ledger folio charges

NIL

3

Cheque Book

25 leaves free

4

Debit Card facility

Available as per eligibility

5

Mobile Banking Facility

Free

6

Internet Banking Facility

Daily limit of Rs.10.00 lakhs

7

QR code

Free along with Stand

8

Account Closure Charges

Rs.500/- + GST for closure within 1 year of opening.

As per Service Charges for closure above 1 year of opening.