[Kavita]

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Hi I would like to have information about Abhyudaya Bank as well as the details of the various deposit schemes which are offered by Abhyudaya Bank?

[Vishal Kotkar]

Abhyudaya Bank has been consulted with Scheduled Bank Status by Reserve Bank of India in September 1988. An aggregate number of 1,94,000 ATM organize which have entry by clients everywhere throughout the India. The Abhyudaya Banks, RELAX 24 ATM's are interconnected which are situated in Mumbai, Navi Mumbai, Pune, Aurangabad, Nagpur, Nashik, Nanded, Kankavli,Udupi, Ahmadabad. According to Financial Results Abhyudaya Bank have more than 161378 Members, 570047 lac Retail Loan and Advances, Profit Stood at 9805.48 lakh for 2014.

Fixed Deposits

The Abhyudaya Co-agent bank restricted offers a scope of settled store plans to people who wish to acquire a higher rate of profit for their reserve funds. The following is the point by point clarification of each store account offered by the bank alongside the separate elements:

Monthly Income Deposit Scheme

A store plan which has the accompanying attributes:

Rs.500 is the base measure of store which is required to open this plan

Enthusiasm on these stores is paid month to month either by crediting the client's financial balance or in real money

A store endorsement is issued to investors which demonstrates the measure of store, the residency selected, the relevant rate of premium and the development esteem

Clients can profit a credit of 90% of the store sum.

Qualification Criteria: The accompanying can open the record:

Any individual endorsed by the bank

Any co-agent society, enrolled trust, organization or affiliation.

At least two people on a joint premise

A father of mother can open the record as a watchman for the minor

Quarterly Interest Deposit Scheme

A plan having the accompanying qualities:

A base store of Rs.500 is required to open the plan

Enthusiasm on this plan of store is paid quarterly either by crediting the particular record of the investor or through money

A store endorsement is issued with the store and if there should arise an occurrence of loss of this declaration, a copy testament would be issued.

Credit can be benefited against the store up to a most extreme of 90%

Qualification Criteria – The accompanying can open the record:

An individual endorsed by the bank either independently or on a joint premise with at least two people

Any parent in the interest of the minor

A co-agent society, enrolled trust, organization or affiliation.

Fixed Deposit Receipt

A plan with the accompanying advantages:

It can be selected with a base commitment of Rs.500 as it were

Enthusiasm on the store is paid at the season of development alongside the important sum

An authentication of store is issued the loss of which would include issue or a copy endorsement.

Qualification Criteria – The accompanying can select this plan of store:

A person on a solitary premise or at least two people on a joint premise

Any co-agent society, affiliation, organization or enlisted trust

A parent in the interest of the minor kid.

Quarterly interest cum Reinvestment Plan


A plan of store having the underneath said qualities:

The store can be opened with a base beginning store of Rs.500

Enthusiasm on the store is computed quarterly and paid in protuberances um on development

An endorsement of store is issued for the sake of the investor. In the event that the testament is lost, s copy declaration would be issued

Credit of up to 90% on the adjust in the store record can be taken against the store

Qualification Criteria – The accompanying are qualified to open the record:

Any person who is affirmed by the bank

A parent for the sake of the minor kid

At least two people in the event that they are deciding on a shared service

Any enrolled trust, co-agent society, affiliation or foundation.

Recurring Deposit Scheme

A plan of month to month stores which has the accompanying attributes:

The store is made at month to month interims and the measure of month to month store is settled at initiation.

A base month to month store of Rs.50 can be made to open the record.

Enthusiasm on the store made would be payable on development

A passbook is issued to the contributor free of cost which demonstrates the particulars of the store made

An advance to the most extreme estimation of 90% of the store sum can be taken against the store made

Qualification Criteria – The accompanying can open the record:

Any individual can open the record on a solitary premise if affirmed by the bank

At least two people can likewise open the record mutually in their names

A parent can open the record for the sake of his minor tyke

Any enlisted put stock in, establishment, affiliation or co-agent society can open the record

Rate of Interest

Tenure of deposit
Rate payable to individuals, trusts, NRO depositors, co-operative societies and bulk depositors
Rate payable to senior citizens

7 days to 90 days
6.50%
6.50%

91 days to 180 days
8.00%
8.25%

180 days to 15 months
8.25%
8.75%

15 months to 36 months
8.50%
9.00%

36 months to 120 months
8.25%
8.75%

Contact:

The Abhyudaya Cooperative Bank Ltd,
Corporate Centre
K.K.TOWER,
Abhyudaya Bank Lane.
Off G. D. Ambekar Marg,
Parel Village,
Mumbai-400 012
Tel: 022-24180961 / 24180962 / 24180963 / 24180964
Fax: 022-24109782
Contact: secretarial@abhyudayabank.net