FLEXI FIX DEPOSIT

1.The deposit to be placed in units of Rs.5000/= each. Each unit will be called a clusters.

2.Initial amount of deposit to be placed will be Rs.10000/-.

3.Under this scheme the withdrawals can in units of Rs.5000/- and in multiples thereof.

4.The amount can be withdrawn by the depositor's requirements in clusters of Rs.5000/-each leaving the rest of the balance intact. (Subject to after a minimum period of 15 days)

5.The deposit can be placed from 30 days to any period up to 5 years.

6.The cluster deposit will earn interest at the rate as applicable to the period of deposit.

7.On maturity of the deposit, the principal amount will be renewed for the period as directed by the depositor. The interest earned on this deposit will be paid on quarterly basis either by way of pay order or crediting the same to the depositor account. Instructions on the payment and renewal have to be given by the depositor only

8.If the depositor wishes to withdraw the amount before the date of maturity he/she can withdraw the amount in units of Rs.5000/- each depending upon his/her requirements. In such cases interests will be paid for the amount withdrawn at the rate as applicable for the period up to which the amount withdrawn remained as deposits. No penalty on interest will be charged. However a nominal charge of Rs.25/- will be charged on each withdrawal. The balance amount in the deposit after the withdrawal of the required amount by the depositor will continue to earn interest as originally contracted.

9. The depositor can also avail the overdraft facility up to 75% of his/her "Flexi fix" deposits. In such cases, interest rates will be charged as per the norms prescribed by the bank for loan/overdraft against deposits from time to time. The rate of interest for such overdraft will be charged as per rules, in which cluster deposit, the depositor wants to avail the overdraft. Sufficient clusters will be lien marked based on the amount availed as overdraft.

10. The depositor may provide instruction for renewal/disbursement of the maturity proceeds of his/her deposit at any time before the deposit matures. In the absence of his/her instruction the bank will safeguard the depositor/s from any loss of interest by renewing the deposit for a similar term at the interest prevailing at the time of renewal, for which action express consent of the depositors will be obtained at the time of placement of original deposits.

11. The acceptance of deposits in anyway will be in accordance with the rules of the Bank and/or the directives laid down by Reserve Bank of India from time to time.

KYC COMPLIANCE AND DOCUMENTS REQUIRED

Policy for Deposit Renewal and Pre closure