What We Offer for You
Deposits
Fixed Deposits
When you open an FD account, you agree to deposit a certain amount of money for a fixed period, which can range from a few days to several years.The interest rate for FDs is fixed at the time of opening the account and remains constant throughout the investment period.. FDs are considered relatively safe investments because they are backed by the bank's credibility.At the end of the investment period, you can choose to renew the FD for another term or withdraw the principal along with the interest.Additionally customers can also seek for more interest benefits during the end of financial year under special schemes offered.
Monthly Recurring
With a Monthly recurring , you agree to deposit a fixed amount into the Monthly recurring account every month for a specified period.It can also be done through E-NACH. Similar to Fixed Deposits, MRs also have a fixed tenure, ranging from a few months to several years.The interest rate for MRs are generally fixed at the time of opening the account.At the end of the tenure, you'll receive the principal amount along with the accumulated interest.
Daily Recurring
Daily Recurring Deposit is a savings scheme offered where you commit to depositing a fixed amount of money into the Daily Recurring Deposit account on a daily basisfor a specified period. Daily Recurring Deposit also have a fixed tenure.The interest rate for Daily Recurring Deposit is generally fixed at the time of opening the account.At the end of the tenure, customer receives the principal amount along with the accumulated interest.
Savings A/C
This is the most basic type of account customer can open at any bank. A Savings Account, allows you to deposit your money, safe with the bank. The customer gets back the principle amount with interest. The funds can be withdrawn as per customers choice.
Loans
Gold Loan
Gold loan is a secured loan taken by the borrower from a lender by pledging their gold articles (within a range of 18-24 carats) as collateral. The loan amount provided is a certain percentage of the gold, typically upto 100%, based on the current market value and quality of gold.
Vehicle Loan
A Vehicle Loan allows you to purchase three and four wheelers for personal use. Typically, the lender loans the money (making a direct payment to the dealer on the buyer's behalf) while the buyer must repay the loan in Equated Monthly Instalments (EMIs) over a specific tenure at a specific interest rate.
Consumer Loan
A consumer loan is a credit/finance option for the purchase of household appliances, electronic goods etc. Consumer loans are provided to customers for purchase of products at recognized merchant stores, or e-commerce websites, and comes with an option to pay the amount in an equated monthly installment (EMI) for a select tenure.
Personal Loan
Personal Loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession and credit history. Personal Loan, which is also known as a consumer loan is a multi-purpose loan, which you can use to meet any of your immediate needs.
FD and RD LOAN
A "fixed deposit loan" typically refers to a loan that you can avail against the fixed deposit you have made with a bank or financial institution. The amount of loan you can avail is usually a certain percentage (usually around 70-90%) of the total value of the fixed deposit. The fixed deposit acts as collateral for the loan, and the interest rate charged on the loan is generally lower than that of other types of loans because it's secured against the fixed deposit.
A recurring deposit loan is a type of loan offered by banks or financial institutions against the balance accumulated in your recurring deposit (RD) account. In a recurring deposit account, you regularly deposit a fixed sum of money at predetermined intervals, usually monthly. Over time, these deposits accumulate with interest.
Business Loan
A business loan is a type of loan that is intended to help companies finance several things, such growth, working capital, buying equipment, or inventory control. Usually, a financial institution or lender would offer you a certain amount of money together with predetermined terms and conditions for return, such as interest rates and payback durations. Business loans may be unsecured or secured, depending on the borrower's creditworthiness and the need for security like real estate or equipment. They are essential in fostering the expansion of enterprises.
Mortgage Loan
A mortgage is a type of loan used to purchase or maintain a home, plot of land, or other type of real estate. The borrower agrees to pay the lender over time, typically in a series of regular payments that are divided into principal and interest. The property then serves as collateral to secure the loan.
Money Card
This card is pre-paid. In India, it is compatible with about ten lakh establishments. This card is incredibly user-friendly and can be used to make purchases at merchant locations and withdraw cash much like a debit card.
To purchase goods and services, you can use it as often as you'd like. With yearly renewals, the card's validity is five years.
Additionally, users can take advantage of the bill-paying, transfer, and recharge features offered by the Pockets program. Through the Pockets app, cardholders may also view their transaction history and balance.
We have begun offering consumer loans to customers via Money Card, which makes it simple for them to pay for the goods they are purchasing.
This card is compatible with all of our schemes, including personal, auto, gold, and consumer loans.