Deposit

Saving Deposit Portfolio Consist of :


Special Saving Account:

Special Saving Account can be opened at Rs. 5,000/=. There will be no restriction to withdraw upto Rs. Five Million per week. without prior notice. If amount excess to given limit is required he/she should serve 2 days prior notice. This account will be helpful for individual/Corporate Loan Customers and they will also be benefited by 7.50% interest per annum on the basis of daily balance.

Normal Saving Account:

Normal Saving Account can be opened with initial balance at Rs. 1,000/= . The client can withdraw amounting upto Rs. Five Million a week without prior notice. If amount excess to given limit is required he/she should serve 2 days prior notice. Depositors are allowed an attractive 7.50% interest per annum on the basis of daily balance.

Shikhar Plus Saving Account:

Shikhar Plus Saving Account can be opened with initial balance at Rs. 10,000/=. Withdrawal limit is made up to Rs. Two and Half Million a week without prior notice. If excessive amount beyond the given limit is required he/she should serve 2 days prior notice. This account is benefited to Normal/Corporate Depositors with a lucrative interest rate of 9.50% per annum on the basis of daily balance.

Investor Saving Account:

Investor Saving Account can be opened with initial balance at Rs. 100/=. The interest and Cheque Book will be Provide only when the minimum balance is Rs 1,000/= maintained. The client can withdraw amounting upto Rs. FiveMillion Only a week without prior notice. If amount excess to given limit is required he/she should serve 2 days prior notice. Depositors are allowed an attractive 7.50% interest per annum on the basis of daily balance.

Shareholder Saving Account:

Shareholder Saving Account can be opened with initial balance at Rs. 1,000/= . The client can withdraw amounting upto Rs. Five Million a week without prior notice. If amount excess to given limit is required he/she should serve 2 days prior notice. Depositors are allowed an attractive 8.50% interest per annum on the basis of daily balance.

Senior Citizen Saving Account:

Senior Citizen Saving Account can be opened with initial balance at Rs. 1,000/= . The client can withdraw amounting upto Rs. Five Million a week without prior notice. If amount excess to given limit is required he/she should serve 2 days prior notice. Depositors are allowed an attractive 9.50 % interest per annum on the basis of daily balance.


Fixed Deposit/Time Deposit/Term Deposit:

Fixed Deposit Account for the period of 3 months and above can be opened at minimum balance at Rs. 5,000/=. The following interest per annum are applicable according to time bound limitation and types of interest collection mode as well.

Fixed Deposit Portfolio Consist of :

Time Period	Interest  Quarterly	Interest Maturity
3 Months	………	13%
6 Months	13.25%	13.50%
1 Year	13.75%	14%
2 Years	14.25%	14.50%
3 Years & Above	14.75%	15%
Interest rate for fixed deposit above five years period will be fixed on negotiation.

Provident Fund Account
 
Provident Fund Account can be opened at initial balance at Rs. 5,000/- . This account is designed for Corporate Depositors. An interest rate of 9.00% per annum will be provided to the account holders on the basis of daily balance. This account is established with the exclusive consent between Institution and Corporate Bodies.

Credit and Other Services

The reasonable and competitive interest rate as below is charged for different types of Loan and Advances.

Funded Based Credit Portfolio consist of :

Funded Based Credit
Types of Loan	Interest Rate
Hire Purchase Loan (Vehicle)	17%-19%
Hire Purchase Loan (Home Appliance)	17%-19%
Housing Loan	18%-19%
Educational Loan	17%-19%

Industrial Term Loan
Term Loan	17%-19%
Working Capital Loan	17%-19%
Trading Loan	17%-19%
Personal Loan	18%-19%
Loan against Fixed Deposit (2 % Additional Interest)	+ 2%
Loan against Share	17%-19%
Loan against Bond (14% or + 3% whichever higher)	+3 %

Consortium Loan
(Interest Rate will be fixed as per Member Banks agreement)
Shikhar Flexi Loan	17%-19%
Loan Against Deposit	12%
Land Purchase Loan	18%-19%
Bridge Gap Loan	17%-19%
Bill Discount	17%-19%
Loan Against Check & Draft	18%-19%

Non-Funded Based Credit  is consist of: Bank Guarantees
Bid Bond Performance Bond Advance Payment Guarantee Financial Bank Guarantee
*Condition Apply

Other Services
Western Union Money Transfer (Inward Remittance):
We are handling Inward Remittance of Western Union Money Transfer making payment to the payees within 10 minutes of valid advice receipt to us from different parts the globe.