Suitable for planned expenditure or savings

• Deposit period ranges from 15 days to 10 years with assured regular Monthly/ Quarterly income.
• Minimum Deposit Amount is Rs. 100/- with no ceiling for the maximum amount.
• Deposit account can be opened individually/ Jointly and also in the name of minors.
• Quarterly payment of interest or at discounted value at monthly rests.
• Loan facility/ Nomination facility available.

Automatic compounding of accrued interest which yields higher returns, making your investments grow faster. Ideal for planning your financial commitments for the future- Children's higher education/ your Son's / Daughter's marriage/ Celebration of festivals etc.

• Deposit period ranges from 6 months to 10 years
• Minimum Deposit is Rs.100/- with no ceiling for the maximum
• Individual Deposit/ Joint Deposit / Deposit in the name of Minors can be made.
• Loan facility / Nomination facility available.

Save in dribbles - receive a lump sum. Suitable for Tax planning, Annual payment commitments like Insurance premium, long-term requirements like purchase of consumer articles/ durables, house construction, Children's education etc.

• Minimum deposit amount is Rs. 5/- or multiples thereof with no.
• ceiling for the maximum deposit amount.
• Deposit period ranges from 12 months to 120 months, Monthly installments will be repaid on maturity along with the accrued interest.
• Individual Deposit/ Joint Deposit / Deposit in the name of Minors can be made.
• Loan facility/ Nomination facility available.

Salient Features

• Deposit type : Recurring deposit with additional benefit of General insurance cover of Rs. 1.20 lacs on specified items.
• Eligibility : Any individual above 18 years - singly or jointly.
• Period of Deposit : Recurring deposit for 78 Months
• Amount : Rs. 1,000/- per month
• Rate of Interest : 8.75% p.a.* (No additional interest for senior citizen & Staff) *Condition apply
• Amount payable on maturity : Rs.1,03,801/- **-[One lac three thousand eight hundred and one only] is net amount payable on maturity. **Maturity value is subject to changes depending upon change in the interest rate and insurance premium rates.
• Nomination : Available as per the norms in force.
• Loans against deposit : Available as per the existing norms
• Tax aspect : Interest is exempted from TDS as per existing guidelines.
• Premature Closure : Permitted before maturity as per the existing guidelines. The premium paid towards insurance will be deducted from the proceeds. The insurance coverage is valid upto the period for which the premium has been paid.
• Insurance Coverage : Total insurance coverage to the tune of Rs. 1,20,000/- [as detailed below in table- I] with M/s Bajaj Allianz General Insurance Co. Ltd is available to all the active account holders of this scheme. Insurance premium will be paid out of the accrued interest in the deposit.

Targets customers who have to meet various demands at a stipulated time in the future and save up for the same, over a period of time. Thirumagal Thiruvizha Thittam takes away the burden from the customer so that such demands are met with ease.

• Minimum deposit amount of Rs.50/- and multiples thereof.
• All other benefits and terms and procedures as applicable to Recurring Deposit.
• Deposit period ranges from a minimum of 6 months to 12 months.
• Ideal for saving money for a targeted festive activity, such as marriage.
• Ideal for salaried persons
• Loan facility/ Nomination facility also available.

The scheme has several unique features, which are customer – friendly & attractive in many aspects as narrated hereunder:

• If the minimum balance is above Rs.5000/- the system will look of possibility of transferring of Rs 5000/- and multiples of Rs 5000/- automatically, to LFD (Lakshmi Freedom Deposit) for a period of 46 Days
• On maturity of the (46 days) deposit, it will be automatically renewed for further period of 46 days, with next deposit number.
• If no Sweep-in happens within that deposit period, the entire deposit amount will be renewed.
• Ideal for saving money for a targeted festive activity, such as marriage.
• On the other hand, to meet the withdrawals sweep in had happened for part of the deposit amount, then the residual deposit will get auto renewed on the maturity date.
• If the interest on such Sweep out deposit exceeds Rs 1000/-, it will be invested for 46 days with next deposit number.

An Assurance of a risk – free investment and secure future:

• Benefit from higher interest rates with the Lakshmi floating Rate Deposit Scheme.
• Fixed Deposit Tenure – 5 Years
• Benchmark interest rate will be that of the 5-years term deposit rate.
• Interest rate to reset as and when interest rate change for 5 years term deposits.
• Loan on deposit available upto 90%
• Pre-closure of deposit permissible
• Conversion of existing normal fixed interest rate deposit to floating rate deposit as one time option.

 

• It is not only the best way to save taxes but also the only way to get highest rates on deposits (9.50%)(senior citizen 10.00%p.a), So grab this dual advantage now.
• Fixed Deposit Tenure – 5 Years
• Minimum Deposit Amount is Rs.100 /- and maximum Amount is Rs.100,000/-
• Deposit account can be opened individually/ Jointly the deduction from income under section 80 C of the act shall be available only to the first holder of the deposit.
• Fixed deposit with interest payment on monthly, quarterly, half yearly or yearly stretch. (or) Cumulative deposit with interest payable along with maturity.
• Tax benefit available up to a maximum limit of Rs. 1,00,000/- under Sec 80 C.
• Loan facility / Nomination facility available.

A novel, convenient and time saving scheme, with an automatic renewal facility on maturity. Suitable for planning your short-term and long-term commitments.

• Minimum deposit amount Rs.1000/- and multiples thereof.
• Automatic renewal period -15/36/46 days at the option of the customer.
• Interest compounding at shorter intervals - your deposit multiples faster.
• Deposit can be made in units of Rs.1000/-. Pre-closure can be made in units of Rs.1000/- either the pre-closure procedure applicable only for the number of units pre-closed.
• An ideal scheme for individuals/ Firms/ Limited Companies/ Trusts/ HUFs and minors etc.,
• Exclusive passbook facility.
• Loan facility / Nomination facility available.

• Fire (On house hold items) : Rs.50,000/-
• Burglary (on house hold items) : Rs. 50,000/-
• Baggage (Travel with in India) : Rs. 5,000/-
• Accidental Hospitalization (With in India) : Rs. 5,000/-
• Hospital Cash (Normal sickness Rs. 1000/- per day - Maximum 10 days : Rs. 10,000/-