This document outlines the long term deposit policies of Dombivli Nagari Sahakari Bank Ltd (DNSB). It discusses DNSB's various term deposit plans with maturity periods ranging from 9 months to 10 years and annual interest rates ranging from 8% to 9.5% depending on the deposit type and customer category. The document also describes several deposit schemes targeted at individual customers, tax payers, small businesses and senior citizens that offer benefits such as tax deductions, loan facilities, and penalties for premature withdrawal. Overall, the document provides an overview of DNSB's long term savings products and policies.

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?