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  • 19th Annual Report

     

    Bank's 19th Annual Report is available >>> Read More

  • Shivalik Bank and LIC of India join hands!

    Shivalik Bank now offers life insurance plans of LIC of India as its corporate agent. An MoU was

    >>> Read More

New Deposit Schemes

SUKH SUVIDHA YOJNA

Shivalik Bank's Sukh Suvidha Yojna caters to physically challenged group of people and offers to them highly convenient banking experience and some extra benefits.

Target Group

Physically challenged group of adults or even minors.

Eligibility
Single or in joint name with spouse or daughter / son / parents

Features:

  • No Minimum deposit requirement.
  • A SB account is linked with the scheme. If there is no existing SB account, an account will be opened and linked.  
    • If Recurring account is opened by the customer then Minimum base amount will be credited in the Recurring account for which Standing Instructions would be taken.
    • If FD with periodical interest payment is opened then the periodical interest will be credited in the linked savings account
  • Life time free ATM card will be issued to the customer
  • Additional Cash deposit in RF can be made at any of our branches or CDM.
  • Loan/OD against FD/ RD/RF will be available at 1% above the deposit rate.
  • For Cash deposit/ withdrawal disabled person will not be required to stand in queue. For personal assistance he can also call upon the designated officer.

 

Premature payment
Premature closure is allowed without deduction of any penalty after 12 months in FD/RF/RD accounts

Additional benefits

  • Rent on Lockers (subject to availability of locker) will be at 75% of Normal rate.
  • Free Saving Bank Cheque Book
  • Free NEFT
  • Up to 2 DD & 2 PO (Shivalik Bank) in a month Free
  • Relaxation in processing fees may be considered on case to case basis in HL and other loans for business purpose.
  • Special personalized assistance will be available if required.
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RAJLAKSHMI YOJNA

Shivalik Bank's Rajlakshmi Deposit Scheme caters to the working women and house makers. The scheme offers them substantial benefits to inculcate in them banking habits and a desire to save money.

Objectives

To encourage regular savings habit in woman

Target Group

Housewives or Working Women above 18 years.  Including salaried employee (Govt. / PSU / Private Sector / MNC etc.), Self Employed Professionals like Doctors, Entrepreneurs etc., Women with independent source of regular income like rentals etc.

Eligibility
Single or in joint with Father, Mother, Husband or daughter/son

Features:

  • Minimum initial deposit of Rs 100/-and multiples thereof. Maximum No limit. The customer can deposit any amount in subsequent months subject to minimum of Rs.100/
  • Minimum Amount to be credited in the RF account through SI from linked SB account. Amount above Minimum deposit may be deposited in any branch/CDM.
  • In the Linked SB Account ATM card will be free for the period of the RF account. (Accident insurance of Rs. 1 lac will be available linked to ATM use.)
  • Maturity period is 1 years to 10 years.
  • Age 18 years and above.
  • The account may be opened in individual capacity or jointly with Father, Mother, spouse or children
  • TDS is deducted at source on interest if the interest amount is more than Rs 10,000/- per annum.
  • Demand Loan/OD against RF to customer will be available at 1% above the RF rate.

Interest Rate
Interest rate as applicable for fixed deposits

Premature withdrawals
Premature closure is allowed without deduction of any penalty after 12 months

Additional benefits

  • No Minimum Balance Charges in saving Bank Account
  • Rent on Lockers (if available) will be at 75% of Normal Rates
  • One lac additional free accidental Insurance.
  • Free NEFT
  • Up to 2 DD & 2 PO (Shivalik Bank) in a month
  • Free cheque book in savings account
  • Special personalized assistance will be available if required.
  • No ATM Card Charges Till the life of RF
  • Special Discount in Processing Fees.
  • Special Discount in Rate of Interest for Personal, Home & Car Loans.

LADLI SAMRIDDHI YOJNA

Shivalik Bank's Laadli Samridhhi Yojna caters to the small minor girls so that their parents feel encouraged to plan a better future for their daughters right from their birth.

Eligibility
Account can be opened by a minor girl along under guardianship. Either Father or Mother can be guardian.
Minor’s entry age is 1 year to 15 years.

Features:

  • Minimum monthly installment of Rs.10/- or higher amount in multiples of Rs.10/-
  • An account can be opened for any period ranging from 12 months to 120 months, in multiples of 12 months.
  • The customer may indicate target maturity amount and the year when the maturity amount will be needed.
  • For achieving the target amount in required time, customers should be guided as to the required yearly deposit in the RF Account.
  • Base monthly installments which will be deposited through SI for which a linked SB account is to be opened in guardian’s name.
  • Customer/ Guardian can deposit additional amount in the RF account any time in any of our branches/CDM

Interest Rate
Interest on the deposits is paid equivalent to the rate of interest on fixed deposit of the corresponding period.

Premature withdrawals
No premature penalty after 12 months

Additional benefits

  • Available as RF deposit
  • Free standing instructions for transfer of installments from self linked Savings Account in the bank.
  • Free ATM card will be issued in the linked SB Account.
  • Free accidental insurance of Rs 1 lac is available linked to ATM card use.
  • Additional Accidental insurance coverage for Rs. 1 lac for the death of installment paying guardian due to personal accident. The insurance cover will become applicable after 12 installments of RD. Thus total amount of Insurance will be Rs.2.00 Lacs. In the event of accidental death of the guardian, the insurance amount of Rs. 2 lacs will be paid to the girl.

SAMMAN YOJNA

Shivalik Bank's Samman Yojna caters to the retired senior citizens and pensioners from Govt. dept.

Eligibility
Retired Govt. and Public Sector Employees

Features:

  • Minimum deposit is Rs 10000 and multiples thereof. Maximum No limit.
  • Maturity period is 1 years to 10 years, can be renewed.
  • Age should be 60 years or more.
  • The account may be opened in individual capacity or jointly with spouse or children.
  • TDS is deducted at source on interest if interest amount is more than Rs 10,000/- per annum.
  • Customer can opt for credit of interest either on maturity or can opt for monthly, quarterly or annual interest. Interest can be automatically credited to Linked savings account.
  • Free ATM card for life will be given in the linked SB Account.
  • No minimum balance charges on Saving Bank Account.
  • DL / OD against FD/RD to retired employees will be available at 1% above the FD rate.
  • Home banking / Personalised Assisted Banking will be made available as per requirement.

Interest Rate
Interest rate 0.5% above General Rate

Premature withdrawals
Premature closure is allowed without deduction of any penalty.

Additional benefits

  • Rent on Lockers (if available) will be at 50% of Normal Rates ( in case of term deposit => 5 lac
  • Free NEFT
  • Up to 2 DD & 2 PO (Shivalik Bank) in a month
  • Free cheque book in savings account
  • One lac additional free accidental Insurance.
  • Special personalized assistance will be available if required.
  • Personal loan facility available*
  • Scheme to be developed for Reverse Mortgage.
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* Subject to Terms & Conditions of the bank.