(09:30 AM to 05:30 PM)

ಹನುಮಂತನಗರ ಸಹಕಾರಿ ಬ್ಯಾಂಕ್ ನಿ.

THE HANUMANTHANAGAR CO-OP. BANK LTD

Hanumanthanagar, Bangalore-560019

Anjanadri Cash Certificate

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Anjanadri Cash Certificate

(QUARTERLY) Interest compounding :
Moneys invested in this type of deposit provide the accrued interest at the end of term of the deposit only, which will be calculated on quarterly compounding basis. The maturity proceeds will be paid by crediting depositor’s individual savings/current accounts or by way of Banker’s cheque/pay order.

Benefits

Facility :
• Attractive Rate Interest compare to Commercial Banks.
• Nomination facility is available for individual accounts.
• Loan/Overdraft facility up to 85% on the face value of the deposit will be allowed.

Renewal policy of the term deposit :
• Bank has adopted Auto renewal facility.
• Premature closure of Deposit allowed at 1% below the rate applicable for the period.
• No interest shall be paid on premature of term deposit, where deposit periods are less than 30days.
TDS:
• Interest amount exceed Rs.40,000/- in a FY TDS will be deducted for General.
• Interest amount exceed Rs.50,000/- in a FY TDS will be deducted for Senior.


Pre-requisites

(Form 15G for General & Form 15H for Senior Citizen to be submitted for TDS Exemption)

 

 

The deposits can be opened in the name of Individuals (singly or jointly), Minor by guardian, Organizations, Co-op. Societies. The scheme is need of people who want to deposit for a minimum 1 Year.