SAVING DEPOSIT

Every individual must have a savings account and a secure place to store hard-earned money. The primary purpose of a savings account is to provide a valuable medium for people to save money that they will not be using regularly. BDCC provides an attractive rate of interest for the customer on their savings account.

MINIMUM BALANCE

WITHOUT CHEQUE BOOK

WITH CHEQUE BOOK

Rs. 500

Rs. 2000

RATE OF INTEREST

FOR INDIVIDUAL

OTHER THAN INDIVIDUALS

3.10

1.50

CURRENT ACCOUNT

Current bank account is opened by businessmen or society who has a higher number of regular transactions with the bank. It includes deposits, withdrawals, and transactions. It is also known as Demand Deposit Account. Current account can be opened in BDCC bank. In current account, amount can be deposited and withdrawn at any time. It is also suitable for making payments to creditors by using cheques. Cheques received from customers can be deposited in this account for collection.

MINIMUM BALANCE

WITH CHEQUE BOOK

Rs. 5000

FIXED DEPOSIT

A Fixed Deposit (FD), also known as a term deposit or time deposit, is a safe investment option offered by BDCC. It allows customer to deposit a lump sum of money at a fixed interest rate for a predetermined amount of time and earn assured returns.

FEATURES:

1. Minimum period of Deposit 15 days
2. Maximum period of Deposit 10 Years
3. Service available at all branches
4. Minimum Deposit amount 1000
5. Maximum deposit amount – No Limit
6. TDS is applicable as per Income Tax Rule. Form 15G/15H can be submitted by the depositor for exemption from Tax Deduction as per IT rule

SL NO

DETAILS

FOR INDIVIDUAL

SENIOR CITIZEN

OTHER THAN INDIVIDUALS

i

15 TO 30 DAYS

4.35

4.85

4.35

ii

31 TO 45 DAYS

4.60

5.10

4.60

iii

46 TO 90 DAYS

5.10

5.60

5.10

iv

91 TO 179 DAYS

5.60

6.10

5.60

v

180 TO 1 YEAR

6.35

6.85

6.35

vi

1 YEAR TO 10 YEARS

7.25

7.75

7.25

RECURRING DEPOSIT

A Recurring Deposit (RD), is a term-deposit that is offered by BDCC. It is an investment tool which allows people to make regular deposits and earn decent returns on the investment.  Due to the regular deposit factor and an interest component, it often provides flexibility and ease of investments to users/individuals.

FEATURES:

1. Recurring Deposit scheme aim at inculcating a regular habit of saving
2. Minimum amount for deposit is 500
3. Minimum period of deposit is 1 year
4. The rate of interest is equivalent to that offered for a Fixed Deposit