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Deposit Schemes - Welcome to Apex Bank – Telangana State Co-operative Apex Bank Ltd

Deposit Schemes

Deposit Schemes

Deposit Schemes

Your Deposits grow safely and fast with Apex Bank

 

Apex Bank offers various deposit schemes to suit your needs.

SAVINGS ACCOUNT

Apex Bank has Savings Account for all your needs. You can access your Savings Account through our network of branches, ATMs, as well as facilities such as Mobile Banking. in addition, get great offers and privileges via rupay debit card/platinum debit card that comes with your Savings Account.

CURRENT ACCOUNT:

Current Account with cheque book facility is offered by the Bank to its corporate and business clients. Clean and secured overdraft facility is also provided on the Current Account.

FIXED DEPOSIT:

The Bank offers attractive rates on Fixed Deposits for various maturity periods. Facility for drawing interest on a monthly or quarterly basis is also provided.

GRUHALAKSHMI DEPOSIT:

This is a cumulative term deposit scheme under which money multiplies faster to a yield targeted amount for the customer as per the deposit period convenient to him.

RECURRING DEPOSIT:

Under this scheme, the customer can save small amount in monthly instalments for a fixed term to get back a lumpsum. Interest is accumulated on the principal over the saving period at attractive rates of interest.

OTHER SPECIAL DEPOSIT SCHEMES:

The Bank is offering a host of other special deposit schemes to suit the savings needs of its customers like Special Tax Saver Deposit Scheme.

All deposits upto Rs.5.00 lakh per deposit, are covered by Insurance under DICGC scheme with Depositor Insurance & Credit Guarantee Corporation.

  INTEREST RATES ON TERM DEPOSITS W.E.F 18-07-2020

Sl.No. Period Rate of int. for deposits below Rs.1 cr (% p.a.) Rate of int. for deposits of Rs. 1cr & above and below Rs. 25crs (% p.a)
1. 7 days to   14 days 4.00 3.50
2. 15 days to   30 days
3. 31 days to   45 days 4.50 4.00
4. 46 days to   90 days 5.00 4.25
5. 91 days to  179 days 5.30 4.30
6. 180 days to 270 days 5.60 4.60
7. 271 days to 364 days 5.60 4.80
8. 1 year exact 5.75 5.00
9. 1 year 1 day to less than 2 yrs 5.75 5.00
10. 2 yrs to less than 3 yrs  5.75 5.00
11. 3 years to less than 5 yrs  5.75 5.00
12.  5 yrs and up to 10 yrs  5.75 5.00

 

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