#1
21st December 2015, 01:39 PM
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PMC Bank Fixed Deposit Scheme
Can you please tell me the Fixed Deposit Scheme of Punjab & Maharashtra Co-operative Bank Ltd?
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#2
21st December 2015, 02:38 PM
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Re: PMC Bank Fixed Deposit Scheme
Punjab & Maharashtra Co-operative Bank is a Multi-State Scheduled Urban Co-operative Bank with its area of operation in the States of Maharashtra, Delhi, Karnataka ,Goa, Gujarat ,Andhra Pradesh and Madhya Pradesh. It was established on February 13, 1984. Fixed Deposit Scheme Who can open an account- Individuals Two or More individuals in their joint names Minors represented by the natural guardians Proprietory concerns/ partnership firms/companies Associations or any body corporates Hindu Undivided Families Trusts Operating instructions- Self Former or Survivor or No. 1 or Survivors Either or Survivors (E or S) Any one or more of them or Survivor or Survivors Fixed deposit- Minimum amount for Fixed Deposit is Rs. 1000/-. Minimum period for deposits is 12 months and Maximum is 120 months. Interest can be paid on deposits periodically monthly/ quarterly/half yearly & yearly. Pre maturity: Penalty clause as applicable. TDS applicable >10000 interest in a year (April-March). 15G-general depositors below 65yrs of age & 15H-for depositor’s above65yrs can also be obtained. Addition/deletion of names possible |