CALL DEPOSITS
Savings Bank /
Easy Deposits /
Nofrill SB A/c /
Current Accounts /
Fixed Deposits /
Advantage FD /
Re-Investment Plan /
STAR Deposits /
Recurring Deposits /
SNP /
Call Deposits
Call Deposits (CD) are deposits accepted by banks for a maturity period of minimum 15 days prior notice. It is mainly intended for pledging as security for tender works. Bank will issue the receipts by noting liens as per the request of depositor and will allow to close only after proper discharge from releasing authority to whom the deposit is liened.
- Eligibility for opening of Call Deposit A/C
- Resident Individuals
- Sole Proprietorship Firms
- Partnership Firms
- Limited Companies
- Trust Accounts
- Association / Clubs / Societies
- How to open
Should submit the dully filled & signed Account opening form along with;
- Specimen Signature.
- Photograph of the operator.
- ID proof of operator as per KYC norms.( (a) Passport (b) Ration card containing Photograph (c) Driving License (d) PAN card (e) Voters Identity card (f) Unique Identity card issued by the Government of India.)
- Address proof.
- Business proof from panchayath/ partnership deed / trust deed/ Articles of association / Registration Certificate / byelaws / minutes copy / authorisation letter
- Proper introduction
- PAN card copy for deposits more than ` 50000/-
- Initial deposit
- Facilities
- Nomination facility is available on CD A/cs
- Interest Rates
The Bank will provide interest for the Call deposits for the period kept with Bank at the rate prevalent to the term deposits for the corresponding periods of maturities. But customer should request the Bank to close with 15 days prior notice.