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DEPOSIT ACCOUNTS

SEPTEMBER,2013

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TYPES OF DEPOSIT

a) Demand Deposits :i) Savings Deposit Meant to encourage

savings restrictions on the no. of

transactions - Interest is payable half-yearly AMB / AQB Interest rates are freed

recently.

ii) Current Deposit meets the transaction

needs of the customer no restrictions on the

no. of transactions

no interest is payable

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Non-Resident Indian (NRI)Accounts

Three categories :

i) Non-Resident (external) rupee accounts

(NRE)

ii) Non-Resident (Ordinary) rupee accounts

(NRO)

iii) Foreign Currency non-resident (Banks)

accounts (FCNR (B))

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THANK YOU