A Savings Account is basically a type of bank account that allows you to deposit money, keep it safe, and withdraw funds all the while earning interest. Savings accounts offered by country’s most banks and financial institutions are different from bank to bank.

There are 3 types of savings accounts

• Basic Savings Accounts
• Online Savings Accounts
• Savings Accounts for minors'

Earning of interest of all the types of accounts described above which helps you to grow savings – although the rate of growth may be slow. It is up to you to determine which account is best. You don’t necessarily have to choose the account with the highest interest rates. The interest rate is not as important as other account features like liquidity and fees.

Paying fees? Paying fees are harmful to your savings account’s health. With relatively low interest rates, any charges can wipe out your annual earnings or even cause your account balance to decrease over time. Examine your banks statement before depositing money.

Basic Savings Accounts

It is basic and simple form a savings account is just a place to hold money you deposit into the account, earn interest and withdraw money when you want.

There is nothing wrong with using one of these plain accounts, but there are other types of savings accounts that might be better for you.

These other accounts are all variations of the traditional savings accounts. If your needs are simple, you can definitely just open a savings account at a bank you are already transacting and do with it.

A home loan or housing loan basically means a sum of money borrowed from a financial institute or from a bank to purchase a house. A loan consists of an stable in adjustable interest rates.
We offer up to 75% of the total value of the relevant property. The value is decided in accordance with the valuation report prepared by the charted valuation officer. It is to be obtained from our panel of valuers.
For home buyers, the primary purpose of a home or housing loan is to facilitate the purchase of a house or construction of a housing unit.
The margin on a home loan refers to the percentage of the cost of the home that is not covered by the lender providing you with the home loan on average lenders implement a 20% margin on home loans.
Ex: The home loan amount sanctioned to you will be 75% of the actual cost of the property.
Our bank provides housing loans, for the porches of land, construction, depending upon a decided maximum repayment period up to 30 years. It is provided with reasonable rates of interest rates and minimal charges. Before buying a home look around for the best mortgage lenders and get advice on finding the right lender for you. Therefore visit our bank during working hours or visit our website.

Import Loans

An import loan is a short period loan that enables the customer as an importer to meet the customers immediate payment difficulties by means of a letter of credit or import based on import documents. This can be done by providing the required letter of credit or import documentary collection. The credit period between the time that the bank provides finance and the time the customer to either manufacture goods for final sale or for the direct sale and to the buyers.

This will allow the customer's financial resources to clear goods from the port and manufacture, store or arrange for final sale to the buyer.
The supplier is independent of the process of raising funds. They need not sign any documentation, but receive payment as per the original contract terms.

Export Credit

To help the exporter to complete the export order, packing credit loan can be extended by our bank. Packing credit is a type of bank loan for exporters in the country. Our bank plays an important role for export business as all payments are received through the bank. Therefore it is very important to choose the right bank having overseas bank capabilities.
In addition, offering facilities for reserving payments and current accounts, we offer loans to the export trade. For export businesses bank loan in the form of term loan and working capital. In addition to facilities like cash credit or letter of credit we can also stand numerous facilities of the export trade.

Fisheries aquaculture provides for millions of people covering all parts of the world every day. But however maritime and aquatic ecosystem are under bad conditions from climate change, fishing pressure, pollution from various human activities which lead to biodiversity.
Recent estimates suggest that about one third of the global marine fish stocks are biologically overfished, up from about 10% in the mid 1970s and the rapid progress of aquaculture productions now represents more than wild catches globally raises concerns about pollution, deceases, invasive species and coastal ecosystem degradation in various parts of the world.
An increased demand for fisheries development in the country attracts people from all sectors of the coastal belt. Adopting new technologies and setting up fisheries activities even in small spaces.
In respect of these our bank is providing fisheries finance in which activities included island fisheries, marine fisheries and blackish water scheme. We will look into some of the bank loan schemes available for supporting various activities of fisheries industries visit our web-site.

Students aspiring to study abroad in all regular undergraduate postgraduate and doctoral programs offered by reputed institutions are eligible for an education loan. Usually short-term courses in soft skills catering, animation, English study are not considered for education loans.
Most banks do not offer loans for those students who want to take up vocational courses in soft skills one not considered for a education loan. This is very important as a number of our students plan to complete a vocational training. Please double check and confirm with the bank if the course that you aspire to study will be covered by your bank loan.
Remember the education loan has to be paid back with interest, so focus on your study to get a good academic score: secure a relevant and be honest and pay back your loan on time. If you default on your credit ratings will take a hit, which will have a negative impact in the future. Kindly remember to apply to relevant scholarship whatever money that comes that way be an additional support to meet your academic expenses.