1. Who can purchase the cash certificates:

• Any individual in his name.
• Two or more individuals in their joint names with a suitable repayment clause.
• The guardian in the name of a minor.
• A guardian jointly with a minor.
• Proprietorship Concerns, Partnership Firms, Limited Companies, Trusts, and Co-operative Societies.

2. Mode of Opening an Account:

An account can be opened with a minimum of Rs.500/-. However, renewals can be done in fractional amounts also.

3. Interests:

Interest is paid on the rates as applicable for the period of deposits as prescribed by the Society. Interest is compounded at quarterly intervals.

4. Premature Repayment:

If depositors wish, they can encash the certificates at any time before its maturity at 1% less than the simple interest applicable for the deposit period.

5. Loan Against the Deposit:

The bank may grant loans on the security of these certificates as per the existing policy. Interest on the loans will have to be paid quarterly on a compound basis.

6. Nomination Facility:

Depositors can avail the nomination facility by submitting the necessary application form, and this will be recorded in the books of the Society.