Fixed Deposit, Diamond Jubilee Certificate, Recurring Deposit
To open a Fixed Deposit, Diamond Jubilee Certificate, Recurring Deposit account with SAMMCO BANK, you will generally need to submit the following documents:
► Duly filled and signed application form.
► Recent passport-sized photographs.
► Proof of Identity (e.g., PAN Card, Aadhaar Card, Passport, Voter ID, Driving License).
► Proof of Address (e.g., Aadhaar Card, Passport, Voter ID, Utility Bills).
► For existing customers with a Savings Bank account, the process may be simpler as KYC documents are already on file.
Rate of Interest of Deposits w.e.f 03.11.2025
|
SI NO |
PERIOD |
INTEREST UPTO 5 CRORE |
INTEREST ABOVE 5 CRORE |
|
1 |
90 DAYS TO 180 DAYS |
4.00% |
|
|
2 |
181 DAYS TO 1 YEAR |
4.50% |
3.00% |
|
3 |
ABOVE 01 YEAR TO 02 YEARS (ADDITIONAL 0.5% FOR SENIOR CITIZENS) |
6.75% 7.25% for Seniors |
3.00% |
|
4 |
ABOVE 02 YEARS TO 03 YEARS (ADDITIONAL 0.5% FOR SENIOR CITIZENS) |
6.50% 7.00% for Seniors |
3.00% |
|
5 |
ABOVE 03 YEARS TO 05 YEARS (ADDITIONAL 0.5% FOR SENIOR CITIZENS) |
6.00% 6.50% for Seniors |
3.00% |
|
6 |
ABOVE 05 YEARS TO 10 YEARS (ADDITIONAL 0.5% FOR SENIOR CITIZENS) |
5.00% 5.50% for Seniors |
3.00% |
► The Bank will not accept deposits beyond 10 years of maturity.
► 1% Penalty for pre-closure of deposits.
Senior Citizens Benefit:
Senior Citizens would be entitled to receive 0.5% more on the interest rates offered by the Bank on term deposits.
DICGC Insurance Cover for Deposit
All deposits of our Bank are covered under the Insurance Scheme offered by Deposit Insurance and Credit Guarantee Corporation of India (DICGC) up to Rs. 5,00,000/- subject to certain limits and conditions.