Deposits

deposit

A savings account is a deposit account held at a retail bank that pays interest. It's safest and best way to save money for unexpected expenses and for future use. You also get paid interest amount based on the balance available in your account.

Rate Of Intrest: 3%
Minimum Balance of ₹1000/- should be maintained to avail Cheque book, else ₹500/- if you don't need a Cheque book.

Features

  • Cheque Book Facility
  • NEFT / RTGS
  • RuPay Dedit Card
  • Passbook
  • Stading Instructions

Eligibility

  • Individual
  • Joint
  • Either Of Survivor
  • Minor By Guardion
  • Local Bodies
  • Staff

Required Documents

  • Account Opening Forms
  • Fully Filled Forms
  • Aadhaar Card
  • PAN Card
  • Photographs (Passport Size)

A Current account” is a type of deposit that caters to professionals and businessmen alike. This product allows for Deposit of funds and cheques and does not limit the number of transactions in a day. At SMLC Bank, we offer unique current account options that can ideally serve the needs of different businesses.

Rate Of Intrest: NA
Minimum Balance of ₹5000/- should be maintained.

Features

  • Cheque Book Facility
  • NEFT / RTGS
  • Statements
  • Passbook

Eligibility

  • Individual
  • Sole Proprietorship
  • Partnership
  • HUF
  • Private Limited Companies
  • Public Limited Companies
  • Registered Á Unregistered Societies
  • Trust
  • Associations... etc.

Required Documents

  • Account Opening Forms
  • Aadhaar Card
  • PAN Card
  • Photographs (Passport Size)
  • KYC Forms
  • In Case of Partnership / Trust / Association / Co-Op Society
    • Partnership Deep / Trust Deed
    • Registration Certificate
    • List Of Office Bearers / Trustees
    • Copy Of Resolution
    • Certificate Of Incorporation
    • Board Resolution

Term Deposit is a cash investment held at a bank where you can park a lump sum amount for a fixed period of time over agreed rate of interest. With Term Deposits, you can avail great features such as best ROI, Guaranteed Return and much more.

Rate of Interest: Varies Period wise.

Features

  • Fixed Deposit: Interest Credited Monthly / Quarterly / Half-Yearly / Yearly as per customer advise.
  • Reinvestment Fixed Deposit: Interest can be paid on Maturity
  • Recurring Deposit
  • Lakshmamma Daily Deposit
  • Avail loan on Fixed deposit bonds upto 80% of the principle ammount
  • No Penalty will be charged on premature closure

Required Documents

  • Account Opening Forms
  • KYC Forms
  • Aadhaar Card
  • PAN Card
  • Photographs (Passport Size)

Saving Account

A savings account is a deposit account held at a retail bank that pays interest. It's safest and best way to save money for unexpected expenses and for future use. You also get paid interest amount based on the balance available in your account.

Rate Of Intrest: 3%
Minimum Balance of ₹1000/- should be maintained to avail Cheque book, else ₹500/- if you don't need a Cheque book.

Features

  • Cheque Book Facility
  • NEFT / RTGS
  • RuPay Dedit Card
  • Passbook
  • Stading Instructions

Eligibility

  • Individual
  • Joint
  • Either Of Survivor
  • Minor By Guardion
  • Local Bodies
  • Staff

Required Documents

  • Account Opening Forms
  • Fully Filled Forms
  • Aadhaar Card
  • PAN Card
  • Photographs (Passport Size)

Current Account

“A Current account” is a type of deposit that caters to professionals and businessmen alike. This product allows for Deposit of funds and cheques and does not limit the number of transactions in a day. At SMLC Bank, we offer unique current account options that can ideally serve the needs of different businesses.

Rate Of Intrest: NA
Minimum Balance of ₹5000/- should be maintained.

Features

  • Cheque Book Facility
  • NEFT / RTGS
  • Statements
  • Passbook

Eligibility

  • Individual
  • Sole Proprietorship
  • Partnership
  • HUF
  • Private Limited Companies
  • Public Limited Companies
  • Registered Á Unregistered Societies
  • Trust
  • Associations... etc.

Required Documents

  • Account Opening Forms
  • Aadhaar Card
  • PAN Card
  • Photographs (Passport Size)
  • KYC Forms
  • In Case of Partnership / Trust / Association / Co-Op Society
    • Partnership Deep / Trust Deed
    • Registration Certificate
    • List Of Office Bearers / Trustees
    • Copy Of Resolution
    • Certificate Of Incorporation
    • Board Resolution

Term Deposits

Term Deposit is a cash investment held at a bank where you can park a lump sum amount for a fixed period of time over agreed rate of interest. With Term Deposits, you can avail great features such as best ROI, Guaranteed Return and much more.

Rate of Interest: Varies Period wise.

Features

  • Fixed Deposit: Interest Credited Monthly / Quarterly / Half-Yearly / Yearly as per customer advise.
  • Reinvestment Fixed Deposit: Interest can be paid on Maturity
  • Recurring Deposit
  • Lakshmamma Daily Deposit
  • Avail loan on Fixed deposit bonds upto 80% of the principle ammount
  • No Penalty will be charged on premature closure

Required Documents

  • Account Opening Forms
  • KYC Forms
  • Aadhaar Card
  • PAN Card
  • Photographs (Passport Size)