Deposit Products

Deposit Products

SAVINGS BANK DEPOSIT FOR MANY OTHER BANKING RELATIONSHIP

Cultivate a habit of banking.

Suitable for: Individuals, Salaried people,    Minors, Trusts, Pensioners, Clubs, Societies, Non-Resident Indians,
PF and Trust    etc.

Features:

No minimum and maximum period
Cheque book facility available
Minimum balance for opening/maintaining an account: F$ 50/- ONLY
Interest paid on the minimum balance during the month

Special Features:

Easy to operate.
Flexibility in deposit and withdrawal in terms of amount.
Flexibility in terms of number of deposits and number of withdrawals.
Allows execution of your Standing Instructions
Access to other facilities, viz., collection of cheques, remittances, lockers etc.
Nomination facility available

Free transfer of funds to your account     and immediate family members
(like parents, dependent children and spouse) from one branch to another in Fiji.

Instant Payment without any charge at any branch in Fiji.

CURRENT DEPOSIT : FOR BUSINESS MEN

WHEN YOUR EVERY DAY NUMBER OF DEPOSITS / WITHDRAWALS ARE TOO MANY AND WHEN YOU REQUIRE AN OVERDRAFT FACILITY TO MEET YOUR BUSINESS REQUIREMENT

Suitable for: Traders, Businessmen, Minors over 14 years, Corporates, HUF, Proprietorship / Partnership Firm, Trusts, Private / Public Limited Companies, Clubs, Associations, Societies, Individuals etc.

Features:

No minimum and maximum period
Cheque book facility available
Minimum balance F$. 500

Special Features:

Easy to operate.
Minimum formalities (hassle free) while opening of your account.
No restrictions on number and amount of withdrawals.
Facility for collection of cheques
Facility of Overdraft / Loan as per Bank's Extant guidelines.
Allows execution of your Standing Instructions
Collection of 3rd party cheques
Access to other facilities, viz., collection of cheques, remittances, lockers etc.
Computerised monthly statement of accounts available

FIXED DEPOSIT
FOR YOUR LONG TERM SAVINGS INVESTMENT LONGER THE PERIOD HIGHER THE YIELD

Suitable for: Individuals, Salaried class, Traders, Businessmen, HUF, NRIs, Professionals, Pensioners, Corporates, Charitable Trusts, Educational Institutions, Voluntary Organisation etc.

Features:

Minimum deposit amount of F$. 500/-.
From a minimum period of 1 months to a maximum period of 120 months
Facility of Overdraft / Loan against deposit amount (upto 90% of amount of the deposit) to meet short-term requirement.
For such advance against deposits, Interest Rate shall be 2.5% over the Deposit Rate.
Prepayment of deposit amount allowed affording interest at @1% below the rate applicable for the period deposit has run with the Bank with a minimum charge of F$ 10. Incase of prepayment before one month no interest will be paid.
However, there will be no Penal Interest, if the prematurely withdrawn deposit is reinvested for a period longer than the remaining period of the original contract of the deposit.

Special Features:

Higher yield than Short Deposit with Easy liquidity.
Access to Safe Deposit Lockers
Accepted as a Security by Govt. Department
Accepted as margin for Non-fund based facilities.
Nomination facility available
Easy transfer of accounts from one branch to any other branch of the bank.
Prepayment is allowed as per norms

INSTITUTIONAL WHOLESALE DEPOSIT
AN IDEAL OPTION FOR ALL YOUR TRANSITORY SAVINGS TO MEET YOUR REQUIREMENTS

Suitable for:

Corporates, Voluntary Organisations, Institutions etc.

Features:

Minimum deposit amount of F$.100,000/-
From a minimum period of 15 days to a maximum period of less than 12 months.
Facility of Overdraft / Loan against deposit amount (upto 90% of amount of the deposit at @2.5% per annum over deposit rate) to meet short-term requirement as per Bank's Extant guidelines.
Prepayment of deposit amount allowed affording interest at @1% below the rate applicable for the period deposit has run with the Bank with a minimum charge of F$10. Where interest payable is less than above deduction no interest will be paid.
However, there will be no Penal Interest, if the prematurely withdrawn deposit is reinvested for a period longer than the remaining period of the original contract of the deposit.

Special Features:

Higher yield than Savings Bank Deposit / Current Deposit
Easy liquidity.
Accepted as a Security.
Nomination facility available

Baroda RAWARAWA (RECURRING) DEPOSIT
FOR A FIXED AMOUNT : REGULAR SAVINGS WITH HIGHER YIELD

Suitable for:

Individuals, Students, Minors, Salaried class, Factory Workers, Traders / Businessmen, Clubs, Associations, Educational Institutions, Housewives and others.

Features:

Minimum deposit amount of F$ 25/- per month or in multiples of F$ 25/-.
The number of monthly installments can be minimum 12 or in multiples of 12 i.e., 12, 24, 36, 48, 60, 72, 84 and 120.
The installment for any calendar month can be paid on or before the last working day of that month.
Installments are accepted at any of the branches of the Bank in Fiji.
Facility of Overdraft / Loan (subject to minimum of F$500/-) against deposit amount (upto 90% of amount of the deposit) to meet short-term requirement.
Prepayment of deposit amount allowed affording interest at @1% below the rate applicable for the period deposit has run with the Bank with a minimum of F$ 10. Incase of prepayment before one month no interest will be paid.
Interest compounded half-yearly
Nomination facility available.

Interest Rate & Annualized Return (percentage)
Period in Months	12	24	36	48	60	72	84	120
Interest Rate(%)	2.00	2.25	2.50	3.00	3.50	3.75	4.00	4.00
Annualised Return(%)	2.05	2.35	2.60	3.10	3.70	4.00	4.35	4.55

Maturity Table
Fixed Monthly Instalment	12	24	36	48	60	72	84	120
25	303	614	935	274	1638	2016	2420	3680
50	606	1228	1870	2548	3276	4032	4840	7360
75	909	1842	2805	3822	4914	6048	7260	11040
100	1212	2456	3740	5096	6552	8064	9680	14720

SENIOR CITIZEN SAVINGS DEPOSIT

For Senior Citizens :

Salient features :

Total waiver of all Fees / Charges.
Attractive Interest of 1.10% p.a.
Free Cheque book facility.
Free collection of all Cheques/Instruments Fiji wide.
Free Transfer of funds Fiji wide.
Minimum Balance F$20 only.

Other Privileges to Senior Citizens :

Additional Interest of 0.5% over card rate on all term deposits.
Total Personalized services at all branches.
Allotment of Lockers at concessional rate (25%).
Retirement Benefits plan - FNPF investment (55 years & above).

For Charitable Institutions, ReligiousOraganisations, Trusts, NGO's, Employees Unions, Voluntary and Sport Organisations :

Salient features :

All foreign remittances would be credited without any charges.
Free collections of instruments payable within Fiji.
Free Cheque book facility.
Instant Cash payment upto F$ 1,000/-.
Any number of withdrawals without any charge/fee.
Unrestricted number of transfer of funds from your saving bank account to another account Fiji wide.
Attractive Rate of Interest @ 1% p.a. on Cheque Account & above all Excellent Personalised Service.