Recurring Deposit
We are providing following deposit schemes :
<< Back to Deposit Scheme details
Just like little drops make an ocean, see your small investments every month turn into a huge amount at maturity by investing in our Recurring Deposit scheme.
|
Who Can Open the Account
|
- Individuals
- Two or More individuals in their joint names
- Minors represented by the natural guardians
- Proprietary concerns/ partnership firms/companies
- Associations or anybody corporate
- Hindu Undivided Families
- Trusts
|
Benefits & features
|
- Invest little sums every month
- Facility of Standing Instruction through which the amount can be debited from your savings account.
- NO TDS
- Attractive Interest Rates
- Scheme applicable for 12 months to 36 months
- Amount of installment once fixed, cannot be changed.
- Recurring deposits are accepted in equal monthly installments of minimum Rs 5
- Penalty for delayed monthly installment Rs. 1.50 per Rs.100/- p.a. In case of payment before maturity, Interest up to 15 days will be Nil.
- Above 15 days 1% less than applicable rate of Interest for the actual period for which deposit is kept with the Bank.
|
<< Back to Deposit Scheme details
|