Monthly Yield Deposit (MYD)

1. FEATURES & BENEFITS:

» Deposit Amount:Rs. 1000/- and above.
» Tenure: 1 year to 10 years.
» Interest rate: Fixed.
» Interest application: Simple Interest.
» Interest payouts: Monthly.
» Premature withdrawal: Allowed with penalty.

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. RATE OF INTEREST (SUBJECT TO CHANGE) :

Click here for rate of Interest

4. DOCUMENTATION:

» Filled in Application Form.
» Photograph of depositor/s (2 copies)
» Officially Valid 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