1. LONG TERM DEPOSIT POLICY
Divya
Padmanabhan
Roll No. 861
Semester VI

2. INTRODUCTION
 The Dombivli Nagari Sahakari Bank Ltd.
Began operations on 6th September, 1970
 It achieved the status of a scheduled bank in
1996
 Core Banking Services From Year 2006
 Corporate Office- Sonarpada, Dombivli (East)
 Registered Office- Ambika
Nagar, Dombivli(West)

3. LONG TERM
DEPOSIT POLICY

5. Long Term Deposits
 DNSB has multiple term deposit plans which
try to serve their varied range of clients.
 The maximum period of deposit is 10 years.

6. MATURITY PERIOD
INTEREST RATES
General
Public and
Trusts (p.a.)
Sr. Citizens
(p.a.)
Above 9 Months to 15 months
9.25%
9.50%
Above 15 Months to 24 months
9.00%
9.25%
Above 24 months to 36 months
8.75%
9.00%
Above 36 months to 60 months
8.50%
8.75%
Above 60 months
8.00%
8.25%

7.  TYPES OF DEPOSITORS –
 Individuals
 Firms
 Corporate entities
 Regd. Societies
 Body of Individuals, HUFs, Trusts etc,
 Other commercial banks can invest in these
deposits as part of their non-SLR portfolio.
 Non-members and also those residing outside
the area of operation of the Bank can also
invest in DNSB’s Long Term Deposits.

9. SAHABHAG
 Any Individual, Society, HUF, Club, School,
Partnership firms, Pvt. Ltd. & Ltd. Cos. etc. can
invest
 Minimum lock in period - 5 Years and 6 Months
 Investment: Minimum of Rs. 50,000 and
thereafter in multiples of Rs. 10,000/- each
 Premature Withdrawal: Not Allowed

10. DHANSAGAR DEPOSIT
SCHEME
 Any Indian Resident can invest
 No lock in period
 Premature Withdrawal: Allowed; Penal Interest is
Applicable
 Benefits:
 Cumulative interest calculated.
 Nomination facility available.
 TDS not applicable for Shareholders.

11. SHUBHANKAR DEPOSIT
SCHEME
 Any Tax Payer / Individual can invest
 Minimum lock in period: 5 years
 Premature Withdrawal: Not Allowed
 Benefits
 Tax deduction u/s 88 of Income Tax.
 Investment up to Rs. 1 Lac.
 Quarterly Interest payment facility available.
 Average yield more than 9.75% (Approximately).
 With Quarterly Interest Payment Option 10%p.a.

12. KANSANCHAY DEPOSIT
SCHEME
 Any Indian Resident can invest
 Lock in period: Not Applicable
 Premature Withdrawal: Allowed ;Penal Interest is
Applicable.
 Benefits:
 Small Savings.
 Very useful for small businessmen for Rs. 20/- daily
deposit scheme.
 Rs. 10,000/- loan available under easy loan scheme

13. ARTHVRUDDHI DEPOSIT SCHEME
AUTO RENEWAL SCHEME
 Any Indian Resident can invest
 Lock-In Period : Not Applicable
 Premature Withdrawal: Allowed; Penal Interest is
Applicable.
 Benefits :
 Loan facility.
 Customer need not to come to the bank for every
renewal.
 TDS not applicable for Shareholders.
(facility will be applicable as per Income tax Act)

14. FIX DEPOSIT SCHEME
(YEARLY DEPOSIT SCHEME)
 Any Indian Resident can invest
 Premature Withdrawal: Allowed; Penal Interest is
Applicable.
 Benefits :
 Loan facility available.
 Interest amount credited to their respective A/c
periodically.
 TDS will not be applicable for Shareholders

15. "ANANT" Deposit Scheme
 Any Indian Resident can invest
 Lock in period: 300 Days
 Premature Withdrawal: Allowed; Penal Interest is
Applicable.
 Benefits :
 Loan facility available.
 TDS will not be applicable for Shareholders.

16. RECURRING DEPOSITS
 Any Indian Resident can invest
 Lock-In Period : As per period of Deposit.
 Premature Withdrawal :Allowed; Penal Interest is
Applicable.
 Benefits :
 Loan facility available.
 Nomination facility available.

17. LONG TERM DEPOSIT
POLICY

18. BARODA TAX SAVINGS TERM
DEPOSITS
 Most suitable for income tax payers like salaried




persons, higher and middle-income group, retired
persons etc.
TENURE: Minimum 5 years ; maximum tenure 10
years.
MINIMUM & MAXIMUM AMOUNT:
Minimum amount shall be Rs. 100/- & further in
multiples of Rs. 100/For availing Tax benefits maximum amount in a
financial year - Rs. 1 lakh.

19. RECURRING DEPOSITS
 A basic saving plan, which helps you regulate your
savings and reap its benefits from time to time
 Minimum amount required to open an account - Rs.
50/- (rural and semi-urban) and Rs. 100/- (Urban
and Metro).
Subsequent deposits in multiples of - Rs. 50/- (rural
and semi-urban) and Rs. 100/- (Urban and Metro).
 Deposit Tenure: Minimum - 6 months.
Maximum - 120 months.

20. BARODA DOUBLE DHAMAKA FIXED
DEPOSIT
 This is a Term Deposit Product wherein Depositor gets




more than double of his initial deposit amount
Minimum deposit: Rs 5,000/- ( and further in multiple of
Rs. 1000/-)
Maximum Deposit Amount: Less than Rs. 1 Crore
Rate of Interest: 9.10% per annum for Residents & NonResidents
9.60% per annum for Senior Citizens
Duration: 7 Years 8 Months and 18 Days for Residents &
Non- Residents
7 Years 3 Months and 24 Days for Senior Citizens

21. COMPARISON OF INTEREST
RATES
13
11
9
7
5
9.25%
9.10%
3
1
DNSB
Bank of Baroda

22. THANK YOU.
ANY QUESTIONS?