Progressive Saver account is neither a fixed deposit nor a normal savings account. But it's got the best of both !
It combines the flexibility of a normal Savings Account and the high interest available on a Fixed Deposit. You can open an account with Rs. 5,000/= or more and earn monthly interest, calculated on your daily balance.So you earn interest on interest.

But things get even better.

YOU EARN A HUGE 50% BONUS ON INTEREST AT THE END OF EACH FINANCIAL QUARTER, EVEN IF YOU HAVE MADE ONE WITHDRAWAL DURING THAT PERIOD !

Even if you make a withdrawal during a financial quarter, you get an additional 50% bonus on the interest earned. That's almost as good as having a fixed deposit.

But with a fixed deposit you can't withdraw whenever you want to without losing out on the interest. That's where progressive saver takes on the features of a savings account. Even if you make more than one withdrawal, you will still earn interest at a rate applicable to savings accounts.

So, for the flexibility of a savings account and the high returns of a fixed deposit, open a Progressive Saver Account at any of our branches, Service points or Minicom centres today !

You can operate your Progressive Saver Account with your CAT card from any ATM.

Interested ? Then call your Nearest Commercial Bank branch and find out more !

Download Application | Interest Rates | Tariffs | Request Information