Important Notice to Depositors:
As per section 206AA introduced by Finance (No. 2) Act, 2009 w.e.f. 01.04.2010, every person who receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be deducted at the rate of 20% (as against 10% which is existing TDS rate) in case of Domestic deposits. Please further note that in the absence of PAN, Form 15G/H and other exemption certificates will be invalid even if submitted & penal TDS will be applicable.
Please visit nearest Branch for more information.
Please Note: If the customer already has their savings or current account duly KYC compliant with our bank, they need not submit KYC Documents for the opening of fixed deposit accounts.
Introduction of our existing account-holder
Latest Address Proof (Any 2 of the below)
- Passport
- Ration Card
- Electricity/Telephone Bill
- Aadhar Card
- Voter ID
Latest Photo-Identity (Any 1 of the below)
- PAN Card (Mandatory)
- Voter ID Card
- Driving License
- Two photographs
Under this scheme, you can deposit for various periods ranging from 15 days to 120 months with Rate of interest w.e.f 01 April 2021. Interest is paid on monthly/quarterly/half-yearly/yearly basis, as desired by you.
| Particular | Rate of Interest for General Public | Rate of Interest for Senior Citizen |
|---|---|---|
| 15 Days to 90 Days | 3.75% | 3.75% |
| 91 Days to 180 Days | 4.50% | 4.50% |
| 181 Days to 364 Days | 5.00% | 5.00% |
| 12 Months to 24 Months | 6.00% | 6.50% |
| Above 24 Months to 36 Months | 6.25% | 6.60% |
| Above 36 Months to 48 Months | 6.00% | 6.35% |
| Above 48 Months to less than 60 Months | 5.75% | 5.25% |
| 60 Months | 6.00% | 6.50% |
| Above 60 Months to 120 Months | 5.50% | 5.75% |
- The revised rate will be applicable to new deposits/renewal of existing deposits.
- Minimum amount Rs.10000.00 for short deposit up to 364 days.
- Staff Members are entitled to get 1.00% additional interest on Term Deposits, over card rate.
- For Bulk/Group Deposits(Rs.10 Lacs and above ) refer to Head Office.
- Interest Rates for Saving Bank is 3.00%.
It is indicative rate, for the proper rate connect with your local branch.
Fixed Deposits
Any individual, organization, institution or association can open a fixed deposit account where the customer can deposit for various periods with rate of interest w.e.f 01 April 2021. Interest is paid on a monthly/quarterly/half-yearly/yearly basis, as desired by the customer.
| Particular | Rate of Interest for General Public | Rate of Interest for Senior Citizen |
|---|---|---|
| 15 Days to 90 Days | 3.75% | 3.75% |
| 91 Days to 180 Days | 4.50% | 4.50% |
| 181 Days to 364 Days | 5.00% | 5.00% |
| 12 Months to 24 Months | 6.00% | 6.50% |
| Above 24 Months to 36 Months | 6.25% | 6.60% |
| Above 36 Months to 48 Months | 6.00% | 6.35% |
| Above 48 Months to less than 60 Months | 5.75% | 5.25% |
| 60 Months | 6.00% | 6.50% |
| Above 60 Months to 120 Months | 5.50% | 5.75% |
Arihant Bank offers terms deposits to gain financial benefits at regular intervals of time.
Term Deposits covers:
- Monthly Interest Option
- Quarterly Interest Deposit Scheme
- Deposit Reinvestment Certificate
- Recurring Deposit Scheme
All the term deposits get monthly, quarterly returns depending on the plan/scheme the customer selects. It also has certain additional benefits which can be understood in detail at the nearest branch.
- 90% loan against deposit amount is available
- Pre-closure of deposit penalty applicable as per RBI guideline
Deposit Scheme
Important Notice to Depositors:
As per section 206AA introduced by Finance (No. 2) Act, 2009 w.e.f. 01.04.2010, every person who receives income on which TDS is deductible shall furnish his PAN, failing which TDS shall be deducted at the rate of 20% (as against 10% which is existing TDS rate) in case of Domestic deposits. Please further note that in the absence of PAN, Form 15G/H and other exemption certificates will be invalid even if submitted & penal TDS will be applicable.
Please visit the nearest Branch for more information.
FIXED DEPOSIT ACCOUNT OPENING REQUIRMENTS:
Latest Address Proof (Any 2 of the below)
- Passport
- Ration Card
- Ration Card
- Aadhar Card
- Voter ID
Latest Photo-Identity (Any 1 of the below)
- PAN Card (Mandatory)
- Voter ID Card
- Driving License
- Two photographs
Introduction of our existing account-holder
Please Note: If the customer already has their savings or current account duly KYC compliant with our bank, they need not submit KYC Documents for the opening of fixed deposit accounts.
Fixed Deposits
Under this scheme, you can deposit for various periods ranging from 15 days to 120 months with Rate of interest w.e.f 01 April 2021. Interest is paid on monthly/quarterly/half-yearly/yearly basis, as desired by you.
| Particular | Rate of Interest for General Public | Rate of Interest for Senior Citizen |
|---|---|---|
| 15 Days to 90 Days | 3.75% | 3.75% |
| 91 Days to 180 Days | 4.50% | 4.50% |
| 181 Days to 364 Days | 5.00% | 5.00% |
| 12 Months to 24 Months | 6.00% | 6.50% |
| Above 24 Months to 36 Months | 6.25% | 6.60% |
| Above 36 Months to 48 Months | 6.00% | 6.35% |
| Above 48 Months to less than 60 Months | 5.75% | 5.25% |
| 60 Months | 6.00% | 6.50% |
| Above 60 Months to 120 Months | 5.50% | 5.75% |
- The revised rate will be applicable to new deposits/renewal of existing deposits.
- Minimum amount Rs.10000.00 for short deposit up to 364 days.
- Staff Members are entitled to get 1.00% additional interest on Term Deposits, over card rate.
- For Bulk/Group Deposits(Rs.10 Lacs and above ) refer to Head Office.
- Interest Rates for Saving Bank is 3.00%.
Term Deposits: – Monthly interest option
WHO CAN OPEN AN ACCOUNT :
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- MINIMUM SINGLE DEPOSIT AMOUNT: Rs. 1,00,000/-
- INTEREST :
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid Monthly.
- Interest will be credited to the Bank Account of the depositor
- TERM DEPOSIT CERTIFICATE : The Bank will issue a certificate in favour of the depositor/s showing the amount of deposited, the period for which the deposit is accepted, maturity date and Interest rate.
- LOAN AGAINST DEPOSIT : 90% Loan against deposit amount is available.
- GENERAL : The Bank reserves the right to alter, amend, rescind the rules from time to time.
- Pre-closure of deposit penalty applicable as per RBI guideline.
QUARTERLY INTEREST DEPOSIT SCHEME
WHO CAN OPEN AN ACCOUNT :
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- By a natural guardian i.e., father or mother approved by the Bank on behalf of a minor.
- MINIMUM DEPOSIT: Rs. 500/-
- INTEREST :
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid Quarterly.
- Interest will be credited to the Bank Account of the depositor
- By a natural guardian i.e., father or mother approved by the Bank on behalf of a minor.
- • TERM DEPOSIT CERTIFICATE: The Bank will issue a certificate in favour of the depositor /s showing the amount deposited, the period for which the deposit is accepted, maturity date and interest rate.
- • DUPLICATE CERTIFICATE: In case of loss of original Fixed Deposit Certificate the depositors would have to intimate the Bank immediately. On an application satisfying the prescribed rules the certificate indicating the particulars of the deposit will be issued to the depositor. The Bank will charge Duplicate Certificate at such rates as in force from time to time.
- • LOAN AGAINST DEPOSIT: 90% Loan against deposit amount is available.
- • Pre-closure of deposit penalty applicable as per RBI guideline.
Deposit Reinvestment Certificate
WHO CAN OPEN AN ACCOUNT :
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- By a natural guardian i.e., father or mother approved by the Bank on behalf of a minor.
- MINIMUM DEPOSIT : Rs. 1000/-
- INTEREST :
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid at the time of maturity.
- TERM DEPOSIT RECEIPT : The Bank will issue a receipt in favour of the depositors showing the amount deposited, the period for which the deposit is accepted, maturity date , maturity amount & Interest rate.
- DUPLICATE RECEIPT : In case of loss of original Fixed Deposit Receipt the depositors would have to intimate the Bank immediately. On an application satisfying the prescribed rules the certificate indicating the particulars of the deposit will be issued to the depositor. The Bank will charge Duplicate Receipt Charges at such rates as in force from time to time.
- GENERAL: The Bank reserves the right to alter, amend, and rescind the rules from time to time.
- For more details contact our nearest Branch.
SDR (Short Deposit Receipt)
Any deposit opened for the period from 15 days to 364 days is called SDR and it attracts a simple rate of interest.
Other rules remain the same as applicable to other deposits.
RECURRING DEPOSIT SCHEME
The advantage in opening a Recurring Deposit Account is that the depositor would be able to save certain sums in fixed monthly installments so that he / she would be able to meet an anticipated liability / obligation after the end of a specified period.
WHO CAN OPEN AN ACCOUNT :
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By a natural guardian i.e. father or mother approved by the bank on behalf of a minor.
- MINIMUM DEPOSIT : Rs. 100/-
- INTEREST :
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid at the time of maturity.
- PASS BOOK: The Bank will issue a Passbook showing the name, address, installment amount, the period for which the deposit is accepted, maturity date and maturity amount.
- LOAN AGAINST DEPOSIT: 90% Loan against deposit amount is available.
- TDS Applicable as per IT rules.
- GENERAL: The Bank reserves the right to alter, amend, and rescind the rules from time to time.
WHO CAN OPEN AN ACCOUNT :
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- By a natural guardian i.e. father or mother approved by the Bank on behalf of a minor.
- MINIMUM SINGLE DEPOSIT AMOUNT: Rs. 1,00,000/-
- INTEREST :
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid Monthly.
- Interest will be credited to the Bank Account of the depositor
- TERM DEPOSIT CERTIFICATE : The Bank will issue a certificate in favour of the depositor/s showing the amount of deposited, the period for which the deposit is accepted, maturity date and Interest rate.
- • LOAN AGAINST DEPOSIT : 90% Loan against deposit amount is available.
- • GENERAL : The Bank reserves the right to alter, amend, rescind the rules from time to time.
- • Pre-closure of deposit penalty applicable as per RBI guideline.
WHO CAN OPEN AN ACCOUNT :
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- By a natural guardian i.e. father or mother approved by the Bank on behalf of a minor.
- MINIMUM DEPOSIT : Rs. 500/-
- INTEREST :
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid Quartely.
- Interest will be credited to the Bank Account of the depositor
- By a natural guardian i.e. father or mother approved by the Bank on behalf of a minor.
- • TERM DEPOSIT CERTIFICATE : The Bank will issue a certificate in favour of the depositor /s showing the amount deposited, the period for which the deposit is accepted, maturity date and interest rate.
- • DUPLICATE CERTIFICATE : In case of loss of original Fixed Deposit Certificate the depositors would have to intimate the Bank immediately. On an application satisfying the prescribed rules the certificate indicating the particulars of the deposit will be issued to the depositor. The Bank will charge Duplicate Certificate at such rates as in force from time to time.
- • LOAN AGAINST DEPOSIT : 90% Loan against deposit amount is available.
- • Pre-closure of deposit penalty applicable as per RBI guideline.
Deposit Reinvestment Certificate
WHO CAN OPEN AN ACCOUNT :
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- By a natural guardian i.e. father or mother approved by the Bank on behalf of a minor.
- MINIMUM DEPOSIT : Rs. 1000/-
- INTEREST :
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid at the time of maturity.
- TERM DEPOSIT RECEIPT : The Bank will issue a receipt in favour of the depositor /s showing the amount deposited, the period for which the deposit is accepted, maturity date , maturity amount & Interest rate.
- DUPLICATE RECEIPT : In case of loss of original Fixed Deposit Receipt the depositors would have to intimate the Bank immediately. On an application satisfying the prescribed rules the certificate indicating the particulars of the deposit will be issued to the depositor. The Bank will charge Duplicate Receipt Charges at such rates as in force from time to time.
- GENERAL : The Bank reserves the right to alter, amend, rescind the rules from time to time.
- * for more details contact our nearest Branch.
SDR(Short Deposit Receipt)
Any deposit opened for the period from 15 days to 364 days is called SDR and it attract simple rate of interest.
Other rules remain same as applicable to other deposits.
RECURRING DEPOSIT SCHEME
The advantage in opening a Recurring Deposit Account is that the depositor would be able to save certain sums in fixed monthly installments so that he / she would be able to meet an anticipated liability / obligation after the end of a specified period.
WHO CAN OPEN AN ACCOUNT :
- Any person or persons approved by the Bank.
- Co-operative Societies, Registered Trust, Institutions and Associations.
- By two or more persons in their joint names.
- By a natural guardian i.e. father or mother approved by the bank on behalf of a minor.
- MINIMUM DEPOSIT : Rs. 100/-
- INTEREST :
- Interest will be paid on the deposits at the rate in force from time to time.
- Interest amount will be paid at the time of maturity.
- PASS BOOK : The Bank will issue a Pass Book showing the name, address ,installment amount,the period for which the deposit is accepted, maturity date and maturity amount.
- LOAN AGAINST DEPOSIT : 90% Loan against deposit amount is available.
- TDS Applicable as per IT rules.
- GENERAL : The Bank reserves the right to alter, amend, rescind the rules from time to time.