means the prize money, in full/part entrusted to the Company (depending
on the future liability) by the prized subscriber of a chitty
as security against future liability intending to withdraw the
same on furnishing adequate alternate security or repayable on
termination of the chitty. However, amount deposited under this
scheme should not exceed the future liability in the chitty.
- 30 days
- Till the date of termination of chitty only.
for 30 days and above but less than 1 year - Rates applicable
for Short Term Deposits
Interest rate of deposits is 8.00% per annum.
to the monthly payment of interest, the effective rates are higher
than that offered by nationalized and scheduled banks
avail this facility, please check our branch list and get in touch
with the branch
which is most convenient for you.