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The Jhalawar Nagrik Sahkari Bank Ltd

  • MAIL US

    mcsharma@jnsbwm.onmicrosoft.com

  • PHONE US

    07433222239, 9414191550

Fix Deposit



Rules :

    The amount of this deposit cannot be withdrawn in part or by cheques or draft.
    Interest on FDR will be credited into the depositor(s)account every Quarter as per instructions given to the Bank.
    Term Deposit receipts are not transferable by endorsement. It is negotiable and payable only in account.
    Interest on FDR will be paid quarterly 30th June, 30th September, 31st December, 31st March or at maturity.
    The rate of interest payable on deposits is subject to the directives that may be issues by the reserve Bank of India/Bank from time to time.
    The maturity value will be reduced by the amount of TDS and compounded interest thereon, if applicable TDS is not paid from SB/CD A/c.
    This receipt should be renewed within 7 days, otherwise it will be Auto Renewed for the same period on 7th day from due date.
    Interest will cease from the date on which the Deposit falls due.
    Notice of due date will be recorded upon the receipt to enable the depositors either to receive payment of amount due or to arrange for the renewal of the deposit. No further information will be given to the depositor(s)
    On due date the deposit receipt should be duty discharged by the Depositor(s) in the space provided thereon with requisite renew stamp, if it is required to be repaid, otherwise an endorsement as to it’s renewal should be made.
    Where Depositor(s)do not attend personally to receive payment and desire payment to be made on presentation of the discharged receipt to person(s) other than himself/herself he/they must advice the bank by letter of authority to this effect which should accompany the deposit receipt and payment will be made accordingly but in such case the bank accepts no responsibility.