Current account/s can be opened by an individual, body corporate, partnership firms, trusts, associations and any other body/associate which we may consider appropriate for opening the account.

Minimum balance

Individuals - GBP 1000.00 or equivalent in other currencies
Others - GBP 2000.00 or equivalent in other currencies
The account holder/s is required to maintain the minimum balance as set out above in the account at all times. We may apply charges as set out in Our Schedule of Service Charges for not maintaining such balances as required.

Cheque books are issued at our discretion.

No interest will be paid on the credit balances in your account at any time. Interest is charged at quarterly periods on all overdrafts and is calculated on clear balances on a daily basis. The interest on temporary overdraft granted is currently (as at 19.10.09) 7% over the Bank of England’s Base Rate/Reference Rate. These rates of interest may be changed by us. We will publish these changes on our website.

A service fee per debit and credit entry is payable at quarterly periods on all current accounts. If temporary overdraft is granted a management fee will be charged in addition to interest charge which will be advised to you.

Withdrawals from the account against uncleared cheques deposited will attract interest even though your statement may show that your account has remained in credit. The rate of interest is currently (as at 19.10.09) 7% over the Bank of England’s Base Rate/Reference Rate.

The General Terms and Conditions set out the permitted transactions on the account.
It is not our practice to return to you paid cheques drawn on the account.
Monthly statements would be sent by post automatically every month.
A charge of GBP 10 will be debited from your account if a copy of the paid cheque is requested.

Cancellation -

The provisions in the General Terms and Conditions in relation to cancellation apply to Current Accounts.

Eligibility

Call deposit account/s can be opened by an individual, body corporate, partnership firms, trusts, associations and any other body/associate which we may consider appropriate for opening the account.

No cheque book will be issued in call deposit account/s. Withdrawals from the account can be made in person at our counters or through originally signed instructions sent to us.

Interest is payable on credit balances in the account at our Call Deposit Rate. Changes to our Call Deposit Rate will be posted on our website from time to time. Interest on the credit balances will be calculated and paid on half yearly basis on daily clear balances. Overdrafts are not permitted in Call Deposit accounts.

Withdrawal notice of one working day would be required before the transaction is effected.

Withdrawals from the account against uncleared cheques will attract interest even though your statement may show that your account has remained in credit. The rate of interest is currently (as at 19.10.09) 7% over the Bank of England’s Base Rate/Reference Rate.

The General Terms and Conditions set out the permitted transactions on the account.
Statement of accounts will be sent to you at quarterly intervals, unless otherwise instructed.

Cancellation

The provisions in the General Terms and Conditions in relation to cancellation apply to Call Deposit Accounts.

Eligibility

Savings account/s can be opened by individuals or jointly with other individuals.

GBP 250.00 or the equivalent in other currencies
The account holder/s is required to maintain the minimum balance above in the account at all times and we will have the right to apply a charge for not maintaining such balances as required.

Cheque book may be issued for savings account/s at our discretion.

Interest is payable on the credit balances in the account at our Savings Deposit Rate. Changes to the Savings Deposit Rate will be posted on our Website from time to time. Interest on the credit balances will be calculated and paid on half yearly basis on daily clear balances. Overdrafts are not permitted in Savings Accounts.

Withdrawals from the account against uncleared cheques will attract interest even though your statement may show that your account has remained in credit. The rate of interest is currently (as at 19.10.09) 7% over the Bank of England’s Base Rate/Reference Rate.

The General Terms and Conditions set out the permitted transactions on the account.

Cancellation

The provisions in the General Terms and Conditions in relation to cancellation apply to Savings Accounts.

Eligibility

Fixed deposit account/s can be opened by an individual, body corporate, partnership firms, trusts, associations and any other body/associate which we may consider appropriate for opening the account

Individuals - GBP500.00 or equivalent in other currencies

GBP5000.00 or equivalent in other currencies

The Fixed Deposit account is a non - withdrawal account. All transactions to and from this account will be through a Call, Current or Savings Account, which must be opened by you when placing funds in the Fixed Deposit Account, if such an Account is not already opened.

Interest is payable at the agreed rate to be decided between us and you at the time of placing the funds or at renewal. The indicative interest rates for various maturity dates are available on our website and through our Branches. Interest rates on various maturity dates may change and such changes will be published on our website.

Minimum period of deposit is 8 days and the maximum is12 months.
Withdrawals before the maturity date - Premature withdrawals are permitted. No interest will be paid on deposits withdrawn within 8 days of account opening. Where withdrawals are made after 8 days, but before the maturity date, the interest payable will be 1% less than the interest rate we will have agreed with you. Where the interest payable is less than 1%, the early withdrawal charge will be restricted to a maximum of 50% of the actual interest payable on the deposit. Prior notice of two working days will be required for withdrawals before the maturity date.

Receipt

An advice would be mailed to you after your Fixed Deposit Account has been opened