Harvest Special Savings Account
"Harvest" is a special Savings Account which offers a range of benefits that will improve the quality of lives of the people who are engaged in agricultural and agri - related projects.
The product would facilitate in inculcating savings habit of farmers and managing their finances.
For Whom
- Small farmers who are engaged in paddy and other cultivations
- Medium and large level cultivators
- Crop collectors and intermediates
- Paddy millers, Bee keepers and other indirect farmers
Features
- Initial deposit is Rs. 1,000/- and thereafter any amount can be deposited.
Benefits
- Higher rate of interest with an additional 1% bonus interest for the accounts maintain a minimum balance of Rs. 10,000/-.
- Eligible for the incentive schemes available at present and introduced from time to time.
- Loan facilities up to 90% of their savings deposit value at a concessionary rate.
- A loan for any purpose up to 10 times of the account balance. *
- Priority for agricultural loans. *
- A Minors account for a child with a deposit of Rs. 500/- to any account holder who has maintained a minimum balance of Rs. 50,000/- for 6 consecutive months.
- * Conditions apply
Rate of Interest
- 6.5 % p.a.
- 1% bonus interest for the account that maintains a minimum balance of Rs. 10,000/-.
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