INTRODUCTION AND HISTORY OF TGMC

Tumkur Grain Merchants Co-operative Bank Limited is a leading Urban Co-operative Bank in the country, functioning with its Head Quarters at TUMKUR, The Bank is promoted by the Grain Merchants of Tumkur city and was established on 13.12.1963.

Between 1950’s & 60’s Tumkur city has been developed as a major Business center of Karnataka State. In that period, the city has attracted so many Industries and Merchants class. In this substantial growth period the merchants of the city were facing the lack of proper Banking facilities and services, as in those days, a few nationalised Banks were functioning in the city and that too having lot of imbalances in their service to customers. .

Tumkur Grain Merchants Co-operative Bank Limited is a leading Urban Co-operative Bank in the country, functioning with its Head Quarters at TUMKUR, The Bank is promoted by the Grain Merchants of Tumkur city and was established on 13.12.1963.

Between 1950’s & 60’s Tumkur city has been developed as a major Business center of Karnataka State. In that period, the city has attracted so many Industries and Merchants class. In this substantial growth period the merchants of the city were facing the lack of proper Banking facilities and services, as in those days, a few nationalised Banks were functioning in the city and that too having lot of imbalances in their service to customers. By observing this pathetic condition, the leading merchants of Tumkur Sri AKA Parshwanath, Sri N R Jagadeesh, Sri T N Kempahonnaiah, Sri Gubbi Huchhappa and others discussed and decided to open an Urban Co-operative Bank in the city.

In the following years, the Bank has marked its substantial growth in the Co-operative Banking Sector along with its objectives. Since its inception, the Bank has been recording substantial growth each and every year. The Bank is also performing its social obligations. In the year 1987 the Bank has got its Licence from Reserve Bank of India, Mumbai.

Branch Expansion

In the year 1992, the Bank marked its growth and stability by opening its First Branch at SS Puram, Tumkur and succeeded in its expansion programme. In the same scale of expansion, the Bank has opened its 2nd branch at Raghavendra Nagar, Tumkur and 3rd branch at Sadashiva Nagar, Tumkur in the year 1994 & 1995 respectively. After the succession of Branch expansion programme in Tumkur City, Bank has decided to expand its operation beyond Tumkur City. As a result, 4th branch at Tiptur and 5th branch at Sira were opened in the year 1995 and 1997 respectively. Following in 1998, APMC Yard Branch has been opened at APMC Yard, Tumkur in its own Building, which was built with a beautiful structure. This branch has opened mainly for the purpose of fulfilling the Banking facility requirements to the Merchants and the public visiting the APMC Yard.

In the year 1998, the Bank has expanded its area of operation to Bangalore Urban, Bangalore Rural, Mysore and Chamarajanagar Districts by modifying its Byelaws. As a result, the Bank got permission from the Reserve Bank of India to open 3 branches at Bangalore city and one Branch at Mysore city. With that, the Bank has opened its 8th Branch at Rajaji Nagar, Bangalore on 15.07.1999 and 9th Branch at Mysore on 25.11.1999. On 12.02.2001, Bank opened its 10th and 11th Branches at Basaveshwaranagar and Jayanagar, respectively at Bangalore city, on 20th August 2004 opened its 12th Branch at Indiranagar and 13th Branch at RT Nagar Bangalore has opened on 8th Nov 2009 Bank had added another feather to its network.

Areas of Operation

The areas of operation are confined to

1. Tumkur District 2. Bangalore Urban and Rural District 3. Mysore District 4. Chamarajanagara 5. Ramanagara 6. Chikkaballapura 7. Kolar 8. Hassan 9. Mandya 10. Chitradurga.

Vision & Mission Statement

Customer Satisfaction Is Our Sole Motto Customers are the live wire of Banking and without them banking will not have any Meaning. Let’s Join hands together, let’s make tomorrow better. Your Trust is our Asset. Do the best for Better Future. Goals & Objectives of the Bank

Profit Motive

Yes, Profit earning and Wealth maximization is the prime motto of every business organization. Bank is also having the same concept of goals and objectives, even though it is a Co-operative Bank. Apart from this primary objective, the Bank is also having so many secondary objectives. In this way, every year the Bank is fixing certain goals to achieve during that period.

Wealth Maximisation

The Bank is expecting that, the Net worth had to reach Rs.100 Crores from the present position of Rs.87 Crores.

Asset & Liability Management

The Bank is mainly concentrating in the area of funds management. The theme of the funds management is to adopt a proper Asset & Liability Management System, which enables to invest the funds with the criteria of Profitability, Liquidity and Security.

Surplus Cash Management

The Bank may lose in terms of profits by holding surplus cash and bank balances. So, the Bank is cared about the cash and bank balances, which is averagely maintaining about 3.50 % on its Net Time & Demand Liabilities. This is only 0.50% more than the required Cash Reserve Ratio.

Build up Quality Loan Asset Portfolio

The main objective will be to build up good quality loan asset, which will earn an average yield of 13.00 % p.a. The profit and profitability of the Branches will improve by building good quality and high yielding loan portfolio. The Bank is targeting to increase the advance from 300 crores to 400 crores.

Increase the Non-Interest Income

21st Century is the era of Service Competition in the Banking field. So, obviously the Banks should have to concentrate on better services especially in the field of Non-Credit related services like DD, Pay Orders, Safe Deposit Lockers, Bank Guarantee, Letter of Credits etc.

Reduce the Operating Cost

The Bank plans to decrease the total operating cost. Considerable increase in the cost of operations line, printing & stationary and salaries of the staff has been noticed in the previous years. If the operating

expenditure is more than 200 % on the Non-Interest Income, it casts a burden on the major interest margin. So, in this way the Bank is trying to bring down this rate and anticipating it may around 150 %.

Focus on Recovery

Quality of the loan assets will have a major impact on the profit & profitability of the Bank. Therefore, focus on recovery of all the Non-Performing Assets (NPA) is very much required and also including overdue accounts.

To Absorb Technology at a Faster Pace

Bank is providing Core Banking Facilities to its Customer and planning to provide ATM, Mobile Banking & Internet Banking shortly.

Innovative Services

Innovation is the key for the success in the competitive market. Therefore, the Bank aims at innovating new services, which will increase the speed of response, commitment to customer satisfaction and innovative thinking, which renders confidence on its delivery capabilities. In this development, Bank is offering many innovated facilities to its customers, viz., Fast Cheque Collection facility, Quick sanction of Pledge, Gold, NSC/LIC Loans, Letter of Credits, etc. The Bank is also processing to provide the ATM facility to its customers. In this process, it is discussing with New Private Sector Banks for providing ATM facility, under which a customer can withdraw his money in any ATM point of that Bank.

Increase Customer Satisfaction

The Bank aims at improving the customer satisfaction by offering services that have high potential for sustained relation by Seven Days Working, Customer Convenience Timing, Extended Time Service, Quick Response, Smooth Co-ordination, Attractive Interest Rates, Computer Printed Pass Books etc.

Focus on Skill Development

Banking is becoming increasingly complex, due to constant change. Every function today needs highly specialized skill. The Bank plans to increase the skills to handle tomorrow’s situation successfully through Trainings, Development programmes to its Human Resources with aim to build them as a competent workforce in the emerging complex scenario. In this context, Bank is sending its staff to the programmes on the Banking activity, conducted by various organizations, viz., Reserve Bank of India, Regional Institute of Co-operative Societies, Karnataka State Co-operative Federation, Karnataka State Urban Co-operative Banks Federation and so many other institutions.

N R JagadishPresident

 

K Y ShivannaVice President

 

  Directors  

R. J. AnantharajaiahDirector

 

H. M Divyananda MurthyDirector

 

M. S. Jinesh JainDirector

 

D. D. BasavarajuDirector

 

M. P. MaheshDirector

 

K. V. SreenathDirector

 

D. S. Rudramuniyappa

Director

 

K. C. SrikantaiahDirector

 

T. S. RavikumarDirector

 

C. R. NatarajDirector

 

T. S. GuruprasadDirector

 

V. K. RajashekaraiahDirector

 

S. R Venkatarama Setty

Director

 

G V Shanthish JainDirector

 

Dr. G. SachidanandaDirector

 

G. V. Rohini Director

 

Chief Exe cutive Officer

 

Sudhirkumar C Yaragatti

About Us » Managerial Personnel

 

SENIOR EXECUTIVES

     

Yediyurappa M S Deputy General Manager 9686550012

Devkumar Assistant General Manager 9902258279

Administrative Office

     

Latha K Manager 0816-2257636

Yashoda N H Sale Officer 9686550014

Kavitha B T MIPD & Credit Appraisal 0816-4021103

Kiran Kumar C System Admin. 9686550016

Mahadevamma Establishment 0816-4011102

Branch Manager

 

Tumkur

Bharathi M G J C Road Branch 9902258271

Manjushree S S S Puram Branch 9902258272

Prabhavathi D S Raghavendranagar Branch 9902258273

Kalpana Sadashivanagar Branch 9902258274

Gayathri G V APMC Yard Branch 9902258275

Bangalore

Lakshminarasimha B R Rajajinagar Branch 9902258278

Vidyashree M R Basaveshwaranagar Branch 9902258281

Annapurnamma T R Jayanagar Branch 9902258280

Padmarajaiah B Indiranagar Branch 9686550013

Ashok Kumar RT Nagar Branch 9686550015

Mysore

Prashanth T C Mysore Branch 9902258282

Tiptur

Rajendra P Tiptur 9902258277

Sira

Sowmya T N                     Sira 9902258276

Awards & Recognitions

Tumkur Grain Merchants Co-operative Bank is Awarded as “Best Managed Urban Co-operative Bank in the State”

and  Best Urban Co-operative Bank”

Bank is awarded as “Best Managed Urban Co-operative Bank in the State” for the year 2002-2003

Future Plans

Services

Bank is offering following services

Bankers Cheque & Demand Drafts

Bank is Issuing Bankers Cheque which is payable on the same branch of the Bank and issuing of Demand Draft is also been arranged under different agreements with Under Inland Mutual Agreement Scheme with KSC Apex Bank and issuing DD’s on all the Member Banks and its Branches across Karnataka. Bank is also having Cheque Drawing Agreement with ICICI, HDFC Bank to issue Cheques on the branches of ICICI Bank & HDFC Bank.

Cheque Collection Facility

Bank is also offering its customers about fast cheque collection facility, which are payable locally or out station and foreign currency instruments.

Safe Deposit Lockers

Bank is providing Safe Deposit Lockers facility to the customers for a fixed rate of annual rent based on the size of the locker.

Bank Guarantee & Letter of Credits

Bank is also issuing Bank Guarantees & Letter of Credits in favor of the customers after satisfying and taking necessary security for the guaranteed amount

The following are the objectives of the bank:

          To build up quality loan asset portfolio.

          To start new branches i.e., expansion.

          To increase customer satisfaction.

          To provide ATM facilities, Mobile banking, Internet Banking to customers.

          To increase non-interest incomes.

          To optimize cash holdings.

          To increase profitability

          To decrease operating costs.

          To provide safe lockers facility to customers.

          To offer gold loans for customers.

          To innovate services.

          To absorb operational efficiently.

          To focus on skill development.

          To maintain personal integrity.

          To provide versatile Banking Services.

          To take up other allied banking activities such as General Insurance, & Life insurance

Loan Committee

Following Loan Subcommittee formed by the Board w.e.f 1st April 2010

Joint Loan, Pledge Loan, Hypothecation Loan & Share Loan.

  Sri. Anatharajaiah R. J. President

  Sri. Nataraj C. R. Member

  Sri. Rajashekharaiah V. K. Member

  Sri. Venkatarama shetty S. R. Member

  Smt. Rohini G. V. Member

 

  Special Invitees  

  Sri. Shanthish Jain G. V.  

  Sri Rudramuniyappa D.S.  

 

Mortgage of Property & Machinery Loan Committee

  Sri. Shivanna K. Y. President

  Sri. Divyanandamurthy H. M. Member

  Sri. Jinesh Jain M. S. Member

  Sri. Srinath K. V. Member

  Sri. Guruprasad T. S. Member

Our Customers

Our Feature Customers

Names Sri/Smt/ M/s Names Sri/Smt/ M/s

M/S SOUNDARYA CONSTRUCTIONS SRINIVAS K V

M/S NANDHINI DELUXE. SUDHA SHANKAR

M/S RAJA ENTERPRISES. VINAYAKA ENTERPRISES.

M/S G M DEVELOPERS AND BUILDERS. ASHOK KUMAR R AND ROSHAN ASHOK

M/S SURAKSHA HOTELS P LTD. PADMAJA K J & JAYAPRAKASH K N

M/S VALDEL INVESTMENTS PRIVATE LIMITED

M/S APKON CRUSHERS

M/S KNS INFRASTRUCTURE PVT LTD SURESH V S

M/S ADARSH REALTY & HOTEL PVT LTD SRINIVASA RAJU A C

M/S M V R CONSTRUCTIONS SRI ANNAPOORNESHWARI RICE INDUSTRIES.

MYSORE IT SALUTION PVT LTD. KOIEL FOOD PROCE'S

RUPESH ANAND M/S JYOTHIPRASAD & SONS.

BHAGAVATI BUILDERS AND DEVELOPERS ANNAIAH REDDY S N

JAYALAKSHMI EXPORTS & IMPORTS PVT LTD.

SAHEB PASHA PATEL & MEENSAHEB PASHA PATE

M/S VICTORY BUILDERS & DEVELOPERS. SRI VEERABHADRASWAMY RICE INDUSTRIES.

AMEER JHAN SIRAJ PASHA SREE MAHALAKSHMI RICE INDUSTRIES.

SURENDRA K N M/S COSMOTECH ENGINEERS.

MOHAN K N SHRI BASAVESHWARA ROLLER FLOUR MILLS

DAYANAND G JAGADEESH R

RAMESH.V.R S T G ASSOCIATES

KARUNESH B M VENKATESH O S , JAGADEESH O S , SANTHOSH

KARUNESH B M DAKSHINAMURTHY M S & PARVATHAMMA

GAYATHRI S & SUNIL B M H M S EDUCATION SOCIETY.

M/S KASTURI INDUSTRIAL ESTATE RAJA HOUSING & CONSTRUCTION

DASARATHA RAMI REDDY.G PHIROZHA N RUSTHUMJI

KRISHNAPPA A CHANDRA BHAN GUPTA

Deposit Accounts

The Depositors are the back bone of every Bank. Any bank will sustain in the industry and can play in the market only up to that period, where the depositors have faith about the Bank. If any Bank loses confidence in the minds of the depositors, it will not be having any more life, in future.

Bank is offering the following types of Deposits Schemes.

Savings Bank Account

Bank allows opening of SB accounts for the following category

         An individual in his own name          More than one person in their joint names.          A guardian on behalf of the minor.         Clubs, Associations, Charitable Institutions and Professionals, Society, Trust other such bodies of identical nature.         NRE / NRO / HUF

Minimum Balance to be maintained in the Account is Rs 1000/- and Rs 500 for Senior Citizen accounts.

Current Account

Money transactions are at the heart of most Business relationships. Current Account is particularly meant for Business class. This account can be opened by Business people like, Traders, Businessmen, Corporate Bodies Wholesalers, Retailers, Stockbrokers, Distributors, Super market chains, Clearing & Forwarding Agencies etc. who operate the account frequently.

The account holder should have to maintain a minimum Balance of Rs.2,000.00.

Fixed Deposit Account(FD)

Fixed Deposit Account can be opened by any person. This account will be opened for a fixed amount of deposit for a fixed tenure at the prescribed rate of interest. In this deposit, depositor can withdraw Interest amount Monthly/Quarterly/Half Yearly or Yearly as per the requirement of the depositor. Minimum period of deposit is 15 days

Mangala Cash Certificate (MCC)

Any person can open Mangala Cash Certificate Deposit Account, in this deposit type Interest will be compounded on quarterly basis and at the time of maturity depositor will get the deposit Amount along with interest. Minimum Period of the deposit is 1 year & above.

Cumulative Term Deposit (CTD)

Cumulative Term Deposit is a normal Recurring Deposit Account where the customer deposits a fixed monthly installment in the account and is paid the deposited amount along with the interest at the end of the term agreed upon at the time of opening the account. Minimum Period of deposit is 1 Year & above

Common Features of FD, MCC & CTD Accounts

         Loan can be availed upto 90% of Deposit Amount.          Premature Closure facility is Available.          Nomination Facility is Available.

Your Deposit upto Rs 1,00,000.00 is insured under Deposit Insurance & Credit Guarantee Corporation and We have paid Insurance Premium Upto date.

Loans and Advances

The Borrowers are the Heart of every Bank. They are the key persons to generate the profit of the Bank.

Bank is offering following types of Loan Schemes

Joint Loan & Installment Joint LoanJoint Loan & Installment Joint Loan will be given to only members of the Bank, with a surety of another member. A member can get this loan only up to 5 times of his Share Certificate amount, with a maximum limit of Rs.25,000.00. The tenure of this loan is 3 Months for the Joint Loan & 10 equal installments for the Installment Joint Loan.

NSC & LIC Bond LoanAny person holding NSC Bonds and or LIC Certificates can avail of this loan by pledging the Bonds, upto 80% on the face value of the Bond and tenure of this Loan is 12 Months.

Shares & Debentures Loan Any person holding Bank’s approved Shares and Debentures of Public Sector companies can avail of this loan, by pledging the Share certificates and tenure of this Loan is 12 Months.

Gold Loan To avail this loan the borrower has to pledge his gold ornaments to the Bank and the tenure of this Loan is 12 Months.

Pledge Loan This loan will be given by pledging the goods and stocks of the borrower, which are related to his trade/business. Goods will be stored in godowns, under the custody of the Bank and the tenure of this

Loan is 3 months.

Loan on Mortgage of Property This loan will be given for the purpose of the business by mortgaging the immovable property of the borrower after considering security, repayment capacity, credit worthiness and fulfilling documentation procedures and maximum tenure of this Loan is 180 months.

Hypothecation Loan for Vehicles Hypothecation Loan will be sanctioned to purchase a new or an old vehicle, by hypothecating the same for the personal or commercial use and the maximum tenure is 60 months.

Consumable Article Loan The Bank is also sanctioning the loan for purchase of new Consumable or Household articles and the maximum tenure of this Loan is 36 Months..

Housing LoanThe Bank is sanctioning loans to build a house for the purpose of residence and maximum tenure of this Loan is 180 Months

Cash Credit Loan & Overdraft Loan AccountThe Bank is also giving advances to traders and business class in the form of Cash Credit/Overdraft Facility to their running account maintained with the Bank. This loan will be given to meet the working capital needs of the trades, on security of Stocks & the Immovable property. This facility will be sanctioned after considering the working capital requirement and the security and also the transactions made in their accounts. The tenure of this facility will be given for a period of 1 Year and the borrower has to renew this facility every year if the transactions are satisfactory to the bank. Interest is calculated for the amount of debit balance in the account for every day and charged on every month.

Bills Discounting Bank is discounting the cheques issued by the reputed corporates/organisations in favour of the account holder of the bank. This facility is given only to the reputed customers of the bank. To avail this facility, the customer should have to get prior sanction from the Bank for a limited amount. In this case, the Bank is discounting the cheques presented in the clearing.

Services

Bank is offering following services

Bankers Cheque & Demand Drafts

Bank is Issuing Bankers Cheque which is payable on the same branch of the Bank and issuing of Demand Draft is also been arranged under different agreements with Under Inland Mutual Agreement Scheme with KSC Apex Bank and issuing DD’s on all the Member Banks and its Branches across Karnataka. Bank is also having Cheque Drawing Agreement with ICICI, HDFC Bank to issue Cheques on the branches of ICICI Bank & HDFC Bank.

Cheque Collection Facility

Bank is also offering its customers about fast cheque collection facility, which are payable locally or out station and foreign currency instruments.

Safe Deposit Lockers

Bank is providing Safe Deposit Lockers facility to the customers for a fixed rate of annual rent based on the size of the locker.

Bank Guarantee & Letter of Credits

Bank is also issuing Bank Guarantees & Letter of Credits in favor of the customers after satisfying and taking necessary security for the guaranteed amount

Financial Results

HIGHLIGHTS

SL NO PARTICULARS 2007 2008 2009

1 Total Business Crossed 47060.49 56308.85 65161.72

2 Net profit (Before tax) 1150.57 1427.34 1079.45

3 Interest Income 2999.43 3668.47 4597.51

4 Non Interest Income 153.88 221.34 186.66

5 Non Interest Expenditure 364.36 360.68 494.83

6 Profit per Employee 10.75 13.22 5.49

7 Business per Employee 439.82 520.37 552.22

8 Earning Assets 28357.21 35854.47 53636.50

9 Total Income/Working Capital 9.34% 13.42% 10.55%

10 C R A R 14.13% 15.89% 12.54%

11 Return on Asset 3.05% 2.75% 1.40%

12 Total Income/Total Asset 9.04% 10.67% 10.20%

13 CD Ratio 83.14% 80.13% 79.38%

14 Share Dividend %  20%  20%  20%

15 Audit Grade “A”  “A”  “A”

Growth at a Glance

SL NO PARTICULARS 2007-08 2008-09 2009-2010

1 Number of Members 8607 8950 9265

2 Share Capital 4.97 6.80 10.50

3 Deposits 312.48 372.09 448.71

4 Loans & Advances 250.29 279.51 303.62

5 Reserves & Other Funds 59.17 66.09 70.84

6 Owned Funds 65.96 74.98 87.04

7 Working capital 386.13 453.55 535.00

8 Net NPA 0% 0% 0.91%

News & Events

"Bank's 47th Annual General Body Meeting is Scheduled on 26th Sept 2010 At Sri Manjunatha Kalyana Mantapa, Tumkur at 10.00 AM"

TGMC Bank Opened Its 13th Branch At R T Nagar Bengaluru on 8th November 2009.

TGMC Bank is opening shortly its 14th Branch at Chitradurga

Bank is certified ISO 9001:2008

Contact Us

   

  Administrative Office

 

TGMC BANKOpposite Government College B H Road, Tumkur Ph: 0816 - 4021101-103, 2257636 Fax: 0816 -2255956Email: admin@tgmcbank.com

 

  Tumkur Branches

 

APMC BranchAPMC Yard, Batawadi,Tumkur - 572104 Ph: 0816 -2283155Mob: 99022 58275

 

S.S.Puram BranchB.H.Road,Opp.Government Polytechnic, Tumkur - 572103 Ph: 0816 - 4021104 Mob: 99022 58272,

 

 

J.C.Road BranchJ.C.Road, Beside Market,Tumkur-572101 Ph: 0816 -2273360, 4021106Mob: 99022 58271

 

Raghavendranagar BranchSIT Main Road,Tumkur -572103Ph: 0816 -2272966, 4021105Mob: 99022 58273

 

Sadashivanagar BranchSiragate,Tumkur - 572101 Ph: 0816 -2275090 Mob: 99022 58274

on 7/09/2010   

Special Services

» ATM Services

» Pay Order & Demand Draft

» Cheque Collection Facilities

» Secure Safe Lockers

Deposit Accounts

The Depositors are the back bone of every Bank. Any bank will sustain in the industry and can play in the market only up to that period, where the depositors have faith about the Bank. If any Bank loses confidence in the minds of the depositors, it will not be having any more life, in future.

Bank is offering the following types of Deposits Schemes.

Savings Bank Account

Bank allows opening of SB accounts for the following category

         An individual in his own name          More than one person in their joint names.          A guardian on behalf of the minor.         Clubs, Associations, Charitable Institutions and Professionals, Society, Trust other such bodies of identical nature.         NRE / NRO / HUF

Minimum Balance to be maintained in the Account is Rs 1000/- and Rs 500 for Senior Citizen accounts.

Current Account

Money transactions are at the heart of most Business relationships. Current Account is particularly meant for Business class. This account can be opened by Business people like, Traders, Businessmen, Corporate Bodies Wholesalers, Retailers, Stockbrokers, Distributors, Super market chains, Clearing & Forwarding Agencies etc. who operate the account frequently.

The account holder should have to maintain a minimum Balance of Rs.2,000.00.

Fixed Deposit Account(FD)

Fixed Deposit Account can be opened by any person. This account will be opened for a fixed amount of deposit for a fixed tenure at the prescribed rate of interest. In this deposit, depositor can withdraw Interest amount Monthly/Quarterly/Half Yearly or Yearly as per the requirement of the depositor. Minimum period of deposit is 15 days

Mangala Cash Certificate (MCC)

Any person can open Mangala Cash Certificate Deposit Account, in this deposit type Interest will be compounded on quarterly basis and at the time of maturity depositor will get the deposit Amount along with interest. Minimum Period of the deposit is 1 year & above.

Cumulative Term Deposit (CTD)

Cumulative Term Deposit is a normal Recurring Deposit Account where the customer deposits a fixed monthly installment in the account and is paid the deposited amount along with the interest at the end of the term agreed upon at the time of opening the account. Minimum Period of deposit is 1 Year & above

Common Features of FD, MCC & CTD Accounts

         Loan can be availed upto 90% of Deposit Amount.          Premature Closure facility is Available.          Nomination Facility is Available.