Deposit Schemes: (Term Deposits)

Fixed Deposits

Deposits for a fixed term and with a fixed rate of interest (simple interest) Interest may be adjusted to your savings / current account in pre-defined intervals. Premature withdrawal allowed (conditions apply) Deposit Loans up to 80% of deposited amount. Deposits of more than 1 year maturity are eligible for Deposit Cash Credit. Standing Instruction facility for credit of periodic interest available.

Marvel Re investment Plan

Deposits with fixed term and with a fixed rate of interest (compounded quarterly) Premature withdrawal allowed (conditions apply) Deposit Loans up to 80% of deposited amount. Deposits of more than 1 year maturity is eligible for Deposit Cash Credit.

Recurring Deposit

Remit small sums (in multiples of ₹ 50/-) monthly, receive a good sum on maturity. Interest compounded quarterly. Can select periods from 1 year upto 8 years

Pigmy Deposits (Daily Deposit)

Our agents will reach your office, business place or your residence to accept the daily amounts. Period of deposit – 1 year (consult our agents for details.)

Demand Deposits

Savings Bank Accounts

Interest @ 3.5 % per annum. Interest calculated on daily balance. CTS Cheque Facility. CTS Clearing / Electronic Clearing System (ECS), ACH, DBT, AePS facility, ATM Cards etc. available.

  • Premium SB Accounts for Premium Customers
  • Ordinary SB Accounts
  • Junior Savings Accounts for Students below 18 years
  • Basic SB accounts
Current Accounts

Most affordable current accounts in the city for your business, associations etc. Lowest minimum balance stipulation, lowest charges. CTS Cheque Facility. CTS Clearing / Electronic Clearing System (ECS), ACH, DBT, AePS facility, ATM Cards etc. available.

  • Ordinary Current Accounts
  • Current Account – Silver
  • Current Account (Societies) for Co-operative Societies.
Interest Rates on Fixed Deposits
Term Ordinary Customers *Senior Citizen Coop. Societies
15 days and above – upto 45 days 5.50% 6.00% 5.50%
46 days and above – upto 179 days 6.50% 7.00% 6.50%
180 days and above - upto 364 days 7.00% 7.50% 7.00%
1 Year up to 2 Year 7.75% 8.25% 7.75%
Above 2 Year up to 5 Year 8.00% 8.50% 8.00%
Above 5 Year up to 8 Year 7.50% 8.00% 7.50%

*Senior Citizen means customers who completed 60 years of age.

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