Ideal to earn higher rate of interest, if the investor can spare money for a specified period of time. This deposit plan offers convenient solutions to both working class as well as senior citizens. These products facilitate the depositor to enjoy security and competitive rates of interest on their deposits.
- Any Individuals, Firms, Corporate Bodies, Associations etc. are eligible to deposit in this scheme.
- Account can be opened with a minimum of Rs.500/-
- Minimum period of 30 days and up to 120 months.
- Interest is Paid Monthly / Quarterly / Half Yearly or along with principal amount on maturity.
- Loan granted up to 85% of the deposit amount against the pledge of Deposit Receipt in case of need.
- Convenient for parking the short term surplus funds from 30 days to 1 year.
- To know about our current Interest Rates, please Click here
Through Electronic Clearing System / NEFT / IMPS, interest on such deposits can be credited to any account, maintained at any other bank-branch specified by the depositor