DAIRY ENTREPRENEURSHIP DEVELOPMENT SCHEME - SPONSORED BY GoI

		NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
		Dairy and Poultry Venture capital fund launched in 2005-06 was segregated into Dairy and Poultry Venture Capital Funds during the year 2009-10. The mode of implementation of Dairy Venture Capital Fund is changed from interest free loan to capital subsidy and a revised scheme Dairy Entrepreneurship Development Scheme (DEDS) has come into effect from 1 September 2010   Objectives To promote setting up of modern dairy farms for production of clean milk To encourage heifer calf rearing thereby conserve good breeding stock To bring structural changes in the unorganized sector so that initial processing of milk can be taken up at the village level itself. To bring about upgradation of quality and traditional technology to handle milk on a commercial scale To generate self employment and provide infrastructure mainly for unorganized sector..   Activities covered and indicative unit costs     Small dairy farms - Cross bred cows, Indigenous descript breeds and Graded buffaloes (upto 10 animals) - Rs.5 lakh Vermicompost (with milch animals unit) - Rs 20,000/- Heifer calf rearing - upto 20 calves - Rs 4.80 lakh Purchase of milking machines / milko testers / bulk milk coolers (upto 2000 lr. capacity) - Rs.18 lakh Indigenous milk products manufacturing units - upto Rs.12 lakh. Dairy product transport facilities and cold chain - Rs.24 lakh. Cold storage for milk/milk products - Rs.30 lakh. Private veterinary clinic - Rs.2.4 lakh - Mobile Units, Rs.1.80 lakh - Stationary Units Dairy parlour - Rs 56,000/-   Eligibility   Farmers, individual entrepreneurs, NGOs, companies , groups of unorgainsed and organized sector etc.     Scheme funding/Pattern of Investment   Entrepreneur’s Contribution : 10% of total outlay - minimum Back ended capital subsidy : 25% (33.33% for SC/ST beneficiaries) of total outlay, subject to a ceiling Cold storage for milk/milk products - Rs.30 lakh.Bank’s share : Balance portion - Minimum 40%.   Implementing Institutions   Department of Animal Husbandry Dairying and Fisheries, GoI is the focal department for the scheme. NABARD will implement the scheme through Commercial Banks, State Cooperative Banks, SLDBs Regional Rural Banks and other agencies eligible for refinance from NABARD   Security Norms   The security norms will be as prescribed by Reserve Bank of India from time to time. For detailed guidelines click here   For more details contact our DDM’s/Regional Offices.

united bank of India savings accounts

United Basic SB Account:

Target Group

Any un-banked population segment uptill denied basic banking facilities due to stipulation of minimum balance requirements and levying of service charges. The target group will include low-income families in rural/ urban areas, industrial/ agricultural labourers in rural/ urban areas and non-pensioner senior citizens.
Eligibility:

The account may be opened in the name of an individual or in the name of two or more individuals.

• Initial deposit and Minimum balance
  The account can be opened and continued with even 'zero' balance.

• Number of transactions in the account

1. For deposits - No restriction.
2. For withdrawals - Maximum 5 withdrawals p.m. A charge of Rs. 5/- per month for every additional withdrawal transaction.

Cheque Book

For cheque book facility minimum balance would be Rs. 250/-.

United Anand Deposit Schemes:

A multi unit deposit scheme with the objective to facilitate the customer in having term deposit in units and instant facility of overdraft.
Eligibility:
Account may be opened in the name of individuals, sole proprietorship concern, partnership firm, association, clubs, societies, trust, companies, etc. The illiterate, minor, blind persons are not eligible to open account under this scheme.

• Nature of Deposit
  Term Deposit, for a period of 12 months to 60 months.
  
  
• Minimum Deposit
  a) Initial deposit Rs. 10000/- and in multiple of Rs. 1000/- thereof with no ceiling. Facility of further deposit of minimum Rs. 5000/- or more in multiple of Rs. 1000/- with no upper ceiling will be allowed in the same United Anand account.
  b) In case of premature withdrawal, part amount in multiple of Rs. 1000/- may be allowed without affecting the whole amount.
  
  
• Issue of Pass Book
  Specially designed pass book to be issued instead of deposit receipt certificate.
  
  
• Overdraft
  A current account will be opened with zero balance at the time of opening of the United Anand Account through which 90% of the deposit as overdraft will be available. 

United Bonanza Current Deposit Schemes:

A deposit scheme which combines liquidity of current deposit account and return of fixed deposit with value addition.
Eligibility:

Anyone eligible to open current deposit account of the bank is eligible to open United Bonanza Current Deposit A/c.

• Minimum Initial Deposit & Balance
  The account shall be opened with minimum initial deposit of Rs. 1.00 lac and minimum balance to be maintained Rs. 1.00 lac.
  
  
• Automatic Transfer of Fund to Fixed Deposit
  At the option of the depositor at the time of opening of the account ,the balance in United Bonanza Current Deposit account in excess of Rs. 1 lac or any higher limit as may be, specified by the depositor shall automatically be converted into Fixed Deposit in multiple of Rs. 10,000/- or in multiple of any other higher limit as specified by the depositor without requiring the compliance of formalities for opening of Fixed Deposit account for the purpose.
  
  
• Period of Fixed Deposit
  Fixed Deposits under this scheme shall be for any period ranging from 15 days to 45 days & by default, it is 15 days as may be opted by the account holder at the time of opening of the United Bonanza Current Deposit account. The period shall remain fixed for all Fixed Deposits to be created until the mandate for period of Fixed Deposit is changed by the depositor in writing to the Bank.
  
  
• Procedure for Reverse Sweep
  If, at any point of time , in the process of operation of UBCD A/C, the balance in the account falls below the minimum level of Rs. 1 lac or if the balance is found short to honour the cheque drawn on the said account presented for payment, the required fund in multiple of Rs. 10,000/- shall automatically be transferred from Fixed Deposits to United Bonanza Current Deposit Account. The reverse sweep of Fixed Deposits shall be "last in first out" basis. This will allow the depositor to earn interest uninterrupted on the remaining balance in the Fixed Deposits under the scheme.
  
  
• Value Addition
  1. Two (2) cheque books of 25 leaves each free p.m. to UBCD A/c holders.
  2. Issue of statement at fortnightly interval free of charge.
  3. No folio charge shall be levied in the UBCD A/c.
  4. Free DD purchase favouring UBI for any amount both against cash or transfer transaction.
  5. Free United International Debit card.
  6. Free Internet Banking.
  7. Free Telephone Banking.

United Bonanza Savings Schemes:

A saving scheme which combines liquidity of Savings Bank and interest of Fixed Deposit Account. Under the scheme, a depositor will open a Savings Bank Deposit Account with an in-built arrangement of transferring balance over a specified limit to Fixed Deposit Account automatically for a specified period to be stipulated by the account holder and earn interest at Term Deposit rate. The details of the scheme are given below.
Eligibility:

Anyone eligible to open Savings Bank Deposit Account of the Bank is eligible to open United Bonanza Savings Account either singly or jointly. Employees, Ex-employees, spouse of deceased employees of United Bank of India and senior citizens are also eligible to open account under this scheme.

• Minimum Balance Required
  The minimum balance required is Rs. 10,000/-
    
• Automatic Transfer of Fund to Fixed Deposit
  At the option of the depositor at the time of opening of the account, balance in United Bonanza Savings Account in excess of Rs. 10,000/- or any other higher limit as may be specified by the depositor shall automatically be converted into Fixed Deposit in multiple of Rs. 1,000/- without requiring the compliance of formalities for opening of Fixed Deposit Account for the purpose.
     
• Period of Fixed Deposit
  Fixed Deposits under United Bonanza Savings Scheme shall be for any period ranging from six months to 1 year as may be specified by the account holder at the time of opening of the account. However, it is 6 months by default. The period shall remain fixed for all Fixed Deposits to be created from the United Bonanza Savings Account.

• Procedure for Reverse Sweep
  If, at any point of time, in the process of operation of the United Bonanza Savings Account, the balance in the account falls below the minimum level of Rs. 10,000/-, then funds in multiple of Rs. 1,000/- shall automatically be transferred from Fixed Deposits to Bonanza Savings Account. The reverse sweep of Fixed Deposits shall be on last in first out basis. This will allow the depositor to earn interest uninterrupted on the remaining balance in Fixed Deposits under the scheme. The outstanding balance of Fixed Deposit held under the scheme shall be shown in United Bonanza Savings Account ledger suitably for operational convenience.
  There shall be a penal charge of 1% for premature closure and/or transfer of Fixed Deposit to United Bonanza Savings Account if the amount of Fixed Deposit so closed prematurely.

Axis Bank Recurring Deposits

Power of compounding Are you considering saving money a bit at a time? Axis Bank's Recurring Deposit scheme will allow you with an opportunity to build up your savings through regular monthly deposits of fixed sum over a fixed period of time.

Features

Recurring deposits are accepted in equal monthly installments of minimum Rs 1,000 and above in multiples of Rs 500 thereafter. Recurring Deposit accounts can be opened for a minimum period of 12 months and in multiples of 12 months thereafter, upto a maximum of 120 months. The amount of installment once fixed, cannot be changed . Installment for any calendar month is to be paid on or before the last working day of the month. Where there is delay in payment of installment, one can regularise the account by paying the defaulted installment together with a penalty (at present it is @ PLR plus 4 % for the period of delay).Fraction of a month will be treated as full month for the purpose of calculating the penalty. The total amount repayable to a depositor, inclusive of interest, depends on the amount of monthly installments and the period of deposit.

Fixed Deposits

The following documents are required when applying for a Fixed Deposit An Individual, Hindu Undivided Family, Sole Proprietorship Concern A valid passport or a valid driving license An introduction by any other bank or an introduction by an Axis Bank Savings Account holder for the last six months A photograph Trusts Copy of the Trust Deed Copy of the registration certificate Copy of the Resolution of The Trustees Authorising the members concerned to open and operate the account Photographs of the members operating the account Associations / Clubs Bye-laws of the Association Copy of the Resolution by the board authorising the members concerned to open and operate the account Photographs of the members operating the account Partnership Firm Partnership Deed Letter from partners approving the persons concerned to open and operate the account Photographs of the persons operating the account

Axis Bank Fixed Deposits

Fixed Deposits Safety, Security and Growth Axis Bank offers you simple reinvestment Fixed Deposits (at very competitive interest rates), which can be opened with a minimum investment of Rs 10,000. You can make additions to your deposit in multiples of Rs 1,000 each. The tenure of your deposit must be a minimum of 6 months.

Deposit Schemes

Reinvestment Deposits: In a reinvestment deposit, the interest accrued to your deposit at the end of each quarter is invested along with the principal. The tenure of your deposit must be a minimum of 6 months. At the end of the quarter, the interest and the principal are both rolled over, and the interest is calculated on the total sum. Income tax is deducted at source. Automatic Rollover: As a Fixed Deposit holder, you can avail of the facility for automatic rollovers on maturity (for both the principal and interest). You can select this option in the Account Opening Document (AOD). The options available are: Rollover only Principal: Only the principal amount will be rolled over. The interest will be either credited to your designated account or paid out. Rollover Principal and Interest accrued in Reinvestment Deposit: This will rollover both the deposit and the interest accrued for the same tenure at the interest rate applicable on the maturity date. On or before the maturity date, you can make the following changes in the rollover instructions of the deposit: Change in tenure Change in maturity instructions Change in payment instructions Change in principal (only reduced amount) Change rollover of Principal to rollover of Principal + Interest, or vice versa.

Withdrawals

All encashments or withdrawals of Fixed Deposits can only be made at the branch where the deposit was booked.

Method of calculation of interest

For deposits with tenure of 6 months & above, interest is calculated on a quarterly basis. Interest earned during the previous quarter is added to the Principal for calculation of interest. Interest on this amount is calculated every quarter. For deposits with tenure of below 6 months, interest is calculated at Simple Interest. Please note that the period of Fixed Deposit is considered in number of days. In the event the depositor chooses to receive the periodic interest payments on a quarterly basis, interested is calculated and paid on quarterly rests. On premature withdrawal of the deposit, interest shall be paid only for the period for which the deposit is maintained with the Bank and at the rate applicable for such period. Tax at source is deducted as per the Income Tax regulations prevalent from time to time.

Click here to open an FD online.

Allahabad Bank Flexi-Fix Deposit

1. Introduction:

1.1 The scheme gives maximum return without sacrificing the liquidity.

2. The Scheme:

2.1 Salient features and Rules of the Scheme are as follows :

• It is a running account consisting of multiple units of simple or compound interest fetching Term Deposit Accounts like normal Fixed Deposit or Double Deposit Plan respectively.
   
• No Term Deposit Receipt will be issued for the deposits. Instead, a specially designed pass book will be issued to the depositor, in which all the particulars regarding deposits, withdrawals, interest credit/ debit are recorded. However, the account under the scheme will be linked to a base account, which may be a Savings Bank or Current Account. For payment of interest or the maturity amount of a unit or at the time of premature withdrawal of a unit, as the case may be, the proceed thereof, net of TDS, as and where applicable, will be automatically swept to the base account for making the funds available at the disposal of the depositor/s.
   
• Under the scheme, a depositor is required to make an initial deposit of Rs.25,000/- or more in multiples of Rs.5,000/- as Fixed Deposit/ Double Deposit Plan for a fixed period of one year. Thereafter, the depositor can make any number of deposits in multiples of Rs.5,000/- each at any time in the account for a period of one year. Every Rs.5,000/- in the account will be treated as a separate unit of deposit.
   
• The depositor will be required to maintain a minimum principal outstanding of Rs.25,000/- i.e. 5 units of Rs.5,000/- each at all points of time. In case of fall in principal outstanding in the account below Rs.25000/-, the facility of further deposit of units in the account will stand withdrawn.
   
• The depositor is free to withdraw any amount of the principal in multiples of Rs.5,000/- at any time before maturity without affecting the remaining units of deposit. However, the depositor will be required to maintain a minimum principal outstanding of Rs.25,000/- i.e. 5 units of Rs.5,000/- each at all points of time, as stated hereinabove.There will be no penalty for the prematurely withdrawn units.
   
• The rate of interest for the units will be the rate prevailing on the date of deposit of the individual unit/s for the period of one year. In case of premature withdrawal of a unit, interest due, if any, will be paid net of TDS, as and where applicable, at the rate prevailing on the date of deposit of the unit for the period for which the deposit remained with the Bank No interest will be paid for premature withdrawal of a unit if the deposit remains with the Bank for a period less than 15 days. The balance units remaining in the account will continue to earn interest at the contracted rates for the individual units.
   
• Usual account opening procedures and formalities including observance of KYC and AML guidelines will be followed. In addition, a special letter for opening account under the scheme will be obtained from the depositor/s.
   
• No loan will be allowed against this deposit.

Allahabad Bank fixed deposits

		Deposit Schemes It has been decided by the Bank to revise the interest rate structure for Domestic Term Deposits for below Rs.1.00 crore with effect from 10.01.2011. The revised interest rates are as under :- Tenor Existing Interest Rate p.a. (%)  Revised Interest Rate p.a. (%) (wef 10.01.2011) For below  Rs. 1 cr For Rs.1 cr   and above. For below Rs. 1cr  For Rs.1 cr and above 7 days to 14 days 2.50 2.50 2.50 2.50 15 days to 29 days 2.75 2.75 4.00 2.75 30 days to 45 days 3.50 3.00 4.00 3.00 46 days to 60 days 4.00 4.00 5.00 4.00 61 days to 90 days 4.00 4.00 5.00 4.00 91 days to 179 days 5.50 5.75 6.00 5.75 180 days to 269 days 5.50 6.25 7.00 6.25 270 days to 364 days 6.00 6.50  7.50* 6.50 1 year to less than 2 years  7.25 7.25    8.00** 7.25 2 years to less than 3 years 7.00 6.00 8.25 6.00 3 years to less than 5 years 7.00 6.00 8.25 6.00 5 years and upto 10 years 7.25 6.00 8.25 6.00        *   Revised Rate of Interest for 300 days is 8.00%.      ** Revised Rate of Interest for 500 days is 8.30%.     The above rates will be applicable for fresh deposits and renewal of deposits and are subject to revision at any time. The interest rate for the revised AllBank  Baalika  Mangal Yojana Deposit Scheme will remain 8.56574  % p.a with quarterly rests. The rate of interest on Allahabad   Bank   Tax  Benefit   Term   Deposit Scheme will continue to be @ 8.25% p.a. Existing additional interest rate for senior citizens will   continue as per existing guidelines.     PENAL RATE OF INTEREST FOR PREMATURE WITHDRAWAL OF DOMESTIC TERM DEPOSITS Period of Deposit Amount of Deposit Penal Rate of Interest 1. Premature closure of term deposits for reinvestment in our bank Any amount No penal rate to be charged 2. 15 days and upto 1 (one) year* Any amount No penal rate to be charged 3. All others All others 1 % penal interest to be charged *The period of Deposit agreed upon at the time of making the deposit. Non Resident (External) Rupee Savings Deposit Account (NRE-SB)  Interest Rate % p.a. (unchanged since 18.11.2005) 3.50 Non Resident (External) Rupee Term Deposit Account (NRE) With effect from 01.01.2011    Period Rate % p.a 1 year to less than 2 years 2.53 2 years to less than 3 years 2.60 3 years only 3.09

Non-Resident (Ordinary) Rupee Term Deposits & Saving Bank A/c: The Interest rates of NRO deposits is at par with the Interest Rates for Domestic Deposits. Differential Rate of Interest/ Additional Rate for Senior Citizens: No Differential Rate on interest as also Additional Interest for Senior Citizens is allowed for Non-Resident Deposits as advised vide our  Instruction Circular Nos. 6942/Foreign/2001-202/03 & 8144/Foreign/2004-05/04 dt. 03.09.01 & 07.05.2004 respectively. Foreign Currency Non-Resident (FCNR (B)) Account and Resident Foreign Curency (RFC) accounts with effect from 01.01.2011 Fixed Deposit Existing Rate % p.a. (w.e.f. 01.12.2010) Revised Rate % p.a. (w.e.f. 01.01.2011)   USD GBP EUR CAD AUD USD GBP EUR CAD AUD 1 year to < 2 years 1.79 2.49 2.49 2.89 6.66 1.78 2.51 2.47 2.90 6.68 2 years to < 3 years 1.76 2.37 2.59 2.77 6.29 1.85 2.51 2.57 2.85 6.40 3 years to < 4 years 2.04 2.71 2.84 3.02 6.41 2.34 2.94 2.92 3.13 6.52 4 years to < 5 years 2.36 3.04 3.10 3.28 6.65 2.79 3.34 3.22 3.40 6.76 5 years only 2.73 3.37 3.33 3.51 6.76 3.22 3.65 3.52 3.63 6.87

The above rates are applicable to fresh deposits and for renewal of deposits only.
These rates are subject to change without notice and the depositors will be advised of the current rates on the date of deposit. The depositors may contact:
FOREIGN DEPARTMENT HEAD OFFICE

14, India Exchange Place,2nd Floor,
Kolkata-700 001.
Telephone:(033)22316703,6704,6706
FAX:(033)2231-6702.
E- MAIL ID : hofd.allbank@gmail.com; ho.foreigndept@allahabadbank.in

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Allahabad Bank Tax Benefit Term Deposit Scheme

"Allahabad Bank Tax Benefit Term Deposit Scheme" offering the benefit under Sec.80C of Income Tax Act for the depositors (Income Tax assesses).
Investment : Any amount not exceeding Rupees one lakh in a year commencing on the 1st day of April of respective years. The amount to be deposited shall be a minimum of Rupees one hundred or multiples thereof.
Types of the Deposit : Can be opened in the following types, namely : -

1. Single holder Type Deposits : Individual for himself or in the capacity of the "Karta" of a Hindu Undivided Family.
2. Joint holder type deposits : Jointly in the name of two or more persons payable to either of the holders or to the survivor. Deduction from income under section 80C of Income Tax Act shall be available only to the first holder of the deposit.

Tenure of Deposit : Five years.
Encashment option : Premature encashment is not permissible.
Rate of interest : The rate of interest on Allahabad Bank Tax Benefit Term Deposit Scheme will be @ 7.25% p.a.. w.e.f. 23.11.2009 for fresh deposits only. No additional rate of interest for Senior Citizens and Staff of the Bank.
TDS on interest : Interest is liable to tax under section 194A or section 195 of Income Tax Act, on the basis of annual accrual or receipt, depending upon the method of accounting followed by the assessee.
Pledging of the Deposit : Can not be pledged to secure loan or as security to any other asset.
Nomination : Available.
Transfer from one branch to another : The deposit may be transferred from the issuing branch to another branch but not transferable from one bank to another bank.