Recurring Deposit Scheme

1. FEATURES & BENEFITS:

» Deposit Amount:Rs. 5/- and above.
» Tenure: 6 Months to 10 years.
» Interest rate: Fixed.
» Interest application: Quarterly Compounded Interest.
» Interest payouts: On maturity
» Premature withdrawal: Allowed with penalty.
» Loan Facility : Available upto 90% of Deposit and intt. accumulated

2. ELIGIBILITY:

» A person in his/her name.
» More than one person in their joint names.
» Minor through parents/guardian.
» Sole Proprietorship Concerns, Partnership Firms
» Private and Public Limited Companies, HUFs
» Associations, Clubs, Societies, Trusts etc.

3. DOCUMENTATION:

» Application Form.
» Photograph of depositor/s (2 copies)
» Documents as per KYC Norms
» PAN Card or Form 60 or 61
» Any other related documents as applicable to Minors, Partnership Firms, Companies, HUF’s etc

4. RATE OF INTEREST (SUBJECT TO CHANGE) :

Click here for rate of Interest