Short Deposits

A Scheme for High Return on your savings even for a short period of less than 1 year. An ideal option for all transitory savings to meet the requirements. An ideal option for all transitory savings.

1. Overdraft / loan against deposit provided on demand upto 90% of deposit amount without any guarantor and processing fee, filling of any forms etc. even for 1 day and upto the maturity period of deposits to meet short term requirements and needs.
   
   
2. For such advances interest shall be charged 1 % over the deposit rate with monthly rests in case of depositor -borrower and in case your friends want to avail loan against your deposit the rate of interest will be a little higher depending on loan amount.
   
   
3. Accepted as a Security by Govt. Deptt.
   
   
4. Accepted as margin for Non-fund based facilities.


5. On pre-matured withdrawal of your deposit amount, interest will be calculated at 1% below the rate applicable for the period of deposits.

6. Nomination facility available.

 

7. KYC Norms.