Target Group :

Public Trusts

Salient Features :

A Registered public trust will be eligible for opening the account under this scheme.

Scheme Details :

  • A Registered Public Trust will be eligible for benefits under the Scheme if a) It maintains a Term Deposit of Rs. 5 lakhs for minimum three years and/or Savings Deposits / Current Deposits of Rs. 50,000/- (average balance).
  • Apart from regular interest payable on these deposits as per prevailing rates the Trust will be eligible for following additional benefits.
    1. There will be 50% concession in Collection Charges./li>
    2. There will be 25% concession in the Commission of DDs/MTs/Pos.
    3. Free acceptance of donations.