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.
Proprietorship concerns, partnership firms, limited companies and
Mode of opening an account:
The cash certificate will issued for maturity value of Rs.100/- and multiples or
The application of account opening form should be dully filled with repayment clause and signed
by the depositor.
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.
If a depositor/s so desires he/she/they can encash
the certificates at any time before its
1% less than the
interest applicable to the period for which the deposit has been remained
certificates are not transferable.
The bank may
grant loans on the security of these certificates as per the existing
interest on the loans will be payable quarterly.
The depositor/s can avail the nomination
facility by giving necessary application form for noting in the records of