What’s New

Amritha Dhara Cash Certificate

Who can open the account:

  • Any individual in his name
  • Two or more individuals in their names with suitable repayment clause.
  • A guardian in the name of minor
  • A guardian jointly with a minor.
  • i Proprietorship concerns, partnership firms, limited companies and trusts

Mode of opening an account:

The cash certificate will issued for maturity value of Rs.100/- and multiples or Rs.100/-.
The application of account opening form should be dully filled with repayment clause and signed by the depositor.

Interest:
Interest is paid at the rates as applicable for the period of deposit Interest is compounded at quarterly intervals.
The date of maturity value of the certificates will be recorded on the certificates itself.

Repayment:
If a depositor/s so desires he/she/they can encash the certificates at any time before its maturity at 1% less than the simple interest applicable to the period for which the deposit has been remained with the bank.
These certificates are not transferable. 
The bank may grant loans on the security of these certificates as per the existing policy, but interest on the loans will be payable quarterly.

Nomination Facility:
The depositor/s can avail the nomination facility by giving necessary application form for noting in the records of the Bank