News and Updates

We have introduced services of RTGS and E- Tax payment of income tax.

We are opening a new branch with Inter connectivity

During financial year
2009-10, Bank achieved “A+” Rating by RBI.

As per RBI guidelines, all eligible deposits have been covered under the deposit insurance scheme of DICGC.

Safety deposit lockers are available with us.

Avail Gold loans from Mahaveer Bank.

 

   Based on needs of depositor following deposits schemes are available.

  • Monthly interest payments – (Discounted Rate)
  • Quarterly interest payments – (Simple Rate)
  • Principle with interest on maturity – (Compounded quarterly interest)
  • Monthly installment payment – Recurring Deposits
  • Auto Renewal of Deposit
  • Cash Certificate Deposit Scheme

        Requirements :

  • Account opening form
  • Photo (colour)
  • ID Proof – PAN Card, Pass Port, Driving License, Voter ID Card, ID card issued by any Institute or any other document issued by Authorities.
  • Address Proof - Pass Port, Driving License, Voter ID Card, Telephone Bill or any other document issued by Authorities.
  • Introduction by existing satisfactory operated account holder
  • Nomination Facility available
  • Bank Deposits upto Rs.1.00 lac per individual insured with DICGC.
  • In case of 
    Minor ---- Birth Certificate
    Partnership-   ---- Partnership Deed
    HUF ---- HUF Letter
    Company   ---- AOA  &  MOA and Resolutions
    Society , Club, Trusts ---- By- laws and Resolutions

Term  Deposits  Interest  Rate Tables

(Interest rates - subject Change)

PERIOD
RATE OF INTEREST
30 Days           -     180 Days
6.00%
181 Days         -     1 Year
7.00%
Above 1 Year    -     2 years
8.00%
Above 2 Years   -    5 Years
9.50%
Above 5 Years
9.00%


  • Registered Charitable Trusts and Senior Citizen are eligible to 0.50% extra on table rate, subject to submission of proper proof
  • Before Maturity payment of deposit –  Applicable  Rate  REDUCED BY  2%

 

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