Eligibility :
Individuals, singly or jointly, firms, corporate bodies, public sector undertakings, Associates, Trusts, etc.
Amount of Deposit :
Minimum core monthly instalment in the range of Rs.100/- p.m. to Rs.5000/- p.m. (in multiples of Rs.10/-).
Period of Deposit :
The deposit under this Scheme is accepted for minimum period of 12 months and in multiples of 3 months thereafter, with maximum period up to 120 months.
Interest :
On monthly products on minimum balance lying in the account between 10th and last day of month.
Special Features :
Suitable scheme for those with fluctuating monthly income. It is a variable recurring deposit scheme. It provides facility for depositing any additional amount over and above predecided core monthly instalment. The maximum amount that can be deposited in any month is 10 times the core instalment or Rs.10000/- whichever is less. No fixed maturity value.
Facilities Available :
- Loan Upto 75% of the accumulated amount in the account.
- Nomination facility available
- Premature closure allowed.
- Transfer from one branch to another branch allowed.
- TDS not applicable.
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