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The purpose of this scheme is to provide optimum return on the investment of customer at market related rates.
- The account can be opened by any individual, singly or jointly, HUF, Trust, Company, Firm or any other legal entity.
- The deposit will be accepted in multiples of quarters between 24 to 36 months.
- Minimum amount of deposit acceptable under the scheme will be Rs 5.00 lakh and multiples of Rs. 10,000/- thereafter.
- Reference rate for the scheme is Bank rate.
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Easy cash liquidity
- The minimum deposit for this account is Rs.100/-
- Withdrawals can be made through withdrawal slips or cheques
- Nomination facility available
- Introduction necessary
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Compounded returns on deposit
- Minimum deposit - Rs.100/- and in multiples thereof
- Minimum period of deposit ? 6 months
- Repayment on the date of maturity in lumpsum alongwith interest
- Quarterly compounding of interest
- Nomination and loan facilities available
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Double benefit scheme
- Minimum deposit Rs.5000/-
- Minimum period of deposit 46 days
- Automatic renewal after expiry of designated period
- Part withdrawal facility
- No penalty on the amount withdrawn
- Nomination and loan facilities available
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Flexible Recurring Deposit Scheme
- Minimum deposit Rs.100/- as core deposit and in multiples thereof to be deposited every month as in the case of recurring deposit
- Maximum amount that can be deposited at one time is Rs.10,000/-
- Minimum period of deposit 12 months
- Repayment on the date of maturity alongwith interest
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