Kutumb Kalyan Fix Deposit [K.K.F.D] scheme is an attractive scheme to deposit your savings for fix period for 15 months to 60 months as per your future requirements.
We provide Interest compounded quaterly payable at maturity.
We provide attractive Interest Rates to our Customers from time to time.
We offer 0.25% extra Interest Rate to Senior Citizens(Age upto 60 or above)on [K.K.F.D] of more than 1 year period and above.
Guardian can open Minor’s Fix deposit A/c. When minor turns major then at maturity he/she can withdraw the amount with his/her signature, after providing valid age proof.
We offer nomination facility for all deposit accounts.
We provide quarterly Interest payment to our customers on their existing Fix Deposits as per their instruction.
Loan and Overdraft facility is available against [K.K.F.D] receipt.
The maturity date of Loan and Overdraft Account against [K.K.F.D] is maturity date of [K.K.F.D] Receipt.
TDS on Interest income will be deducted as per Income Tax Act.
We are member of Deposit Insurance and Credit Guarantee Scheme [DICGC] in which customers deposit are insured up to Rs. 1 Lac.
RULES & REGULATION FOR KUTUMB KALYAN [K.K.F.D]
Depositor has to fulfill KYC norms as per RBI directive.
Customer can Open [K.K.F.D] A/c with minimum of Rs.500/-
Guardian can open Minor’s [K.K.F.D] A/c. When minor turn major then after providing valid age proof he/she can withdraw the amount with his/her signature.
In the case of premature withdrawal will be deposit it will observe that what is the period the deposit remained with bank, then the Interest Rate will be compare between present/ Existing rate and the rate at the time of deposit which ever is less will be applicable and 1% penalty will also deduct from interest rate and then the interest calculation will be done on the deposit amount and that interest amount will be payable to the customer.
All rights reserved to the Bank’s management to Change the Interest Rate of the [K.K.F.D] Scheme without prior notice. Change of Interest rate will be applicable to new deposits only.
The Bank having rights of appropriation, set off, lien and change the rules and regulation for the scheme.
(A) Any one of proof for all partners/ directors or proprietor (Photo Id) 1.Passport, 2.Driving License, 3.Voter ID Card, 4.Government Approved College/university I.Card, 5. Government/Semi government/Department I.Card
(B) Address Proof(Any One) 1. Electricity Bill (not more than 2 months old) 2. BSNL Landline Telephone Bill (not more than 2 months old) 3.Municipal Tax Bill
Other proof acceptable by Bank.
Passport Size Photograph – 2 Copies
Birth Certificate for minor a/c.
Senior Citizens have to produce age proof to avail extra Interest Rate benefit.