Deposit Pension Scheme(DPS):

DPS is a installment based savings deposit (on monthly basis) for individual customer. In this account a customer deposit a certain amount of money for a certain period. And on maturity an agreed amount will be paid to the customer.

To open a DPS account customer will fill up a form supplied by the bank to provide information about him including the information of the nominee of the account with following documents:

• Identification documents of the account holder
• Passport size photograph of the applicant duly attested by the introducer
  
• passport size photograph of the nominee duly attested by the account holder
  

At the same time the applicant must choice a tenor and the amount of monthly deposit. It is better if a customer maintain a Savings Account the monthly installment can be transfer to the DPS account automatically without any hassle. But the depositor must maintain available balance to the savings account linked with the respective DPS Account.