Bank provides opportunity to the customers to invest their small savings in SME Bachat Accounts having different maturity/tenure. From 1 year to 3 years and Customers can choose appropriate term/tenure at their convenience. Any person (single or joint), sole-proprietorship, partnership etc and Children below 18 years of age can also open account jointly with their guardians are eligible to opt for the product
Product Features
- Profit payable on monthly/maturity (as per choice of the customers)
- Competitive profit rates
- Minimum of Rs 100,000 to Rs 500,000 ( maximum limit of TDR/funds) for the one customer across the bank
- Automatic transfer of profit to customer current account
- SME PayPak Debit Card against customer current account on request
- SMS Alerts facility for customer account on request
- Customer can avail “Financing” against term deposits
- Premature encashment facility available (conditions apply)
Available Tenures
- 1 Year
- 2 Year
- 3 Year
General Terms & Conditions
- Withholding tax and Zakat is applicable as per law/rules
