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Un-claimed Deposits


COASTAL BANK offers the following deposits

Saving Bank Account

Suits to the requirement of lower and middle class income groups, with cheque book and without cheque book facility besides earning interest. Minimum balance to be maintained in the account is very low when compared to other commercial banks.

Insurance linked Savings Bank Deposit Scheme - All Savings Bank account holders are covered with - term life cover and accident cover - under PMJBY and PMSBY schemes which are as below:


    Pradhan Mantri JeevanJyoti Bima Yojana (PMJBY): Life cover of Rs.2,00,000/- for Saving

    Bank Account holders between 18 Years and 50 Years.


    Pradhan Mantri Suraksha Bima Yojana (PMSBY):  Additional cover of Rs.2,00,000 in case of

    Accidental death for all Saving Bank Account holders between 18 years and 70 years.



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Current Account

Ideal for carrying out day-to-day business transactions. Designed to meet the requirements of traders and others with lower minimum balances, nominal folio and service charges.

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Term Deposits


  • Unbeatable interest rates on your investment among the Commercial Banks.
  • Higher rate of interest of 0.50% over card rate for Senior Citizens on normal rates.
  • Higher interest rate of 0.50% for individual deposit of Rs.15 lakh & above.
  • Deposit interest rates are quoted per annum, and are applicable for both fresh and renewal of deposits.


Interest rates are subject to change from time to time

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Types of Term Deposits


Fixed Deposit


A convenient deposit scheme which ensures earning higher interest on your investment even for shorter periods ranging from 15 days. A regular income earning scheme designed for payment of interest at monthly, quarterly and half yearly rests. Suits to the requirement of pensioners and others who want regular monthly, quarterly, half yearly income.


Kanakavarsha Deposit


Highly preferred way to make your investment grow at a faster rate. A deposit scheme     where interest is compounded quarterly and deposit will be paid along with interest on maturity date. The deposit will be accepted for the period of 6 months to 10 years.


Auto Renewals


Auto renewal term deposit interest is added to principle every quarter and the customer gets compounded interest and automatically renews for further period of customer choice.


Recurring Deposits


When expenses are high, you may not have adequate funds to make big investments. Coastal Recurring Deposit lets you invest small amounts of money every month that ends up with a large saving on maturity. So you enjoy twin advantages-affordability and higher earnings. Interest earned in this account is exempted from Income Tax.


Coastal Samvrudhi Deposit


Convenient, safe & security to the customers on daily deposit collection through agents at the door step. Daily minimum of Rs.20/- & no cap on maximum.


Variable Recurring Deposits

Variable Recurring Deposit is suited to the customers who are having variable income. The customer has a flexibility to deposit his surplus income with out sticking to a fixed instalment. The customer can deposit upto 10 times of the core instalment with a maximum of Rs.10 lacs per month. The major advantage in this product is that no penalty for irregular instalments.

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LOAN Schemes

Variety of Loan Products to suit customer requirements.

Competitive interest rates

Easy payment options

Simplified paper work

  • Crop loans & Coastal Kisan Cash Credit

  • Term loans for farm equipments

  • Vehicle loan to farmers

  • Gold loans

  • Overdrafts to business community

  • Finance to contractors

  • Personal loans

  • Loan against ware house receipts

  • Coastal Small Credit

  • Mortgage loans

  • Project Finance

  • Vehicle loans

Contact our Branch for terms and conditions.

For loan terms and conditions, eligibility criteria, interest rate, loan term, security, EMI amount wherever required can be enquired with the nearest branch.

CLAB presents “Loan Against Gold Ornaments”, designed to provide liquidity against gold ornaments without having to sell them.

This product is ideal to meet agriculture and allied agriculture requirements like cultivation, dairy, poultry, fishery, etc. Gold ornaments lying idle can be put to productive use by availing Loan Against Gold Ornaments

The product is packed with features such as:

  • Hassle-free quick processing of loans.

  • Simplified paperwork.

  • Easy payment options.

  • Attractive interest rate

Notification on Interest Rate on Advances

MCLR rates effective from 07-01-2020

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A secure location to keep your valuables is Bank Locker . To cater to this need, we offer you Safe Deposit Lockers at most of our branches. They are available in a variety of sizes to suit your needs. You can locate your nearest branch.

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Cash Management Services


Cash Management Services (CMS) is a mechanism to efficiently manage cash flow in order to reduce risks, minimize costs and maximize profits. Generally Cash Management comprises integrated collection, payments and receivables functions. Speedy collection of outstation instruments is one of the major products under CMS.

Under CMS our products are Collection, Payment, Post Dated Cheque Collections

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   Click here for interest rates on loans and advances
Click here for service charges and fees (other than loans)

Registered Office: D.No. 59-14-2A, 3rd Floor, Santhi Plaza, Ring Road, Gayatrinagar, Near Benz Circle, Vijayawada - 520 008.
© 2007 Coastal Local Area Bank Limited. All rights reserved