Frequently Asked Question

Any individual can become a Member. (ii)Eligible criteria to become a member? They should buy 10 shares @ 10/- & become a share holder of the company.

ID proof & Address proof: Aadhar card/ Pan card/ Ration Card/ Driving Licence/ Voter ID/ Passport/ Gas bill etc.

Visit your nearest branch for deposit information

Interest will be credited through online.

Yes, but not beyond Rs 10,000/-

Where the total interest income does not exceed ₹10,000 during a financial year, no Tax Deducted at Source (TDS) will be deducted. In such cases, submission of Form No. 121 (earlier Form 15G/15H) is not required. Where the total interest income exceeds ₹10,000 during a financial year, TDS at the prescribed rate of 10% will be deducted in accordance with the provisions of the Income-tax Act, unless a valid declaration in Form No. 121 is submitted by an eligible depositor. Eligibility for submission of Form No. 121: Non-Senior Citizens: Form No. 121 may be accepted if the depositor's total interest income during the financial year does not exceed ₹4.00 lakhs, subject to the eligibility conditions and declaration prescribed under the Income-tax Act. Senior Citizens (aged 60 years and above): Form No. 121 may be accepted if the depositor's total interest income during the financial year does not exceed ₹12.00 lakhs, subject to the prescribed eligibility conditions and declaration. Depositors are advised to furnish Form No. 121, wherever eligible, at the beginning of the financial year (before first interest generation during the Financial Year) to avoid deduction of TDS.

Accepting & Repayment is through online / Cheque.

The Minimum balance to be maintained in SD account is Rs.50/-

For JML scheme information, please visit your nearest branch

No hidden charges like appraiser fees, pre closure and Insurance charges.

Locker facilities available at- Vilathikulam, Salem, West Mambalam and Kilpauk branches.

Yes customer can operate their account in any of our branches through CBS.