This Product Paper states and defines process/procedures relating to Akshaya Kosh.
This product has been designed to encourage non-profit making organization for their social welfare motive.
Purpose of the Deposit
- To raise money and widen our saving customer base.
- To encourage non-profit organization to open account and earn high interest rate.
- To be used as an effective marketing tools by our branches.
- Increase our retail / saving deposit base.
- To reduce concentration on corporate and call deposit (comparatively volatile in nature).
- To be used as an effective Marketing Tool by our branches.
- Non profit making organization.
- Trust and all the institution opened for nonprofit making and for social welfare.
- As per Operation Manual/KYC& AML Policy/ NRB Directives.