Features & Benefits

• Minimum Rs.50/- per month (in multiples of Rs.50/-). No ceiling on maximum amount.
• Deposit can be opened for period ranging from 1 year to 10 years.(In multiples of 3 months)
• Standing instruction facility will enable automatic transfer of instalment amount from your savings account.
• Earn Interest at Cumulative Fixed Deposit rates, compounding quarterly.
• Premature closure is allowed at any point of time with a penalty @1% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
• Loan facility is available for Recurring deposit against the amount present in your deposit account, subject to terms and conditions with interest @ only 2% above deposit rate.
• TDS applicable as per the extant IT guidelines.
• Nomination facility available