US DOLLAR 1 Buying 102.50 Selling 103.10
GB POUND 1 Buying 129.97 Selling 131.62
SWISS FRANC 1 Buying 102.45 Selling 103.48
AUSTRALIAN DOLLAR 1 Buying 77.16 Selling 77.94
CANADIAN DOLLAR 1 Buying 75.33 Selling 76.09
SINGAPORE DOLLAR 1 Buying 73.27 Selling 74.01
HONGKONG DOLLAR 1 Buying 13.12 Selling 13.25
JAPANESE YEN 10 Buying 9.29 Selling 9.45
EURO 1 Buying 110.95 Selling 112.07
CHINESE RENMINBI 1 Buying 14.83 Selling 14.98
THAI BHAT 1 Buying 2.97 Selling 3.00
KOREAN WON 10 Buying 0.89 Selling 0.91
SAUDI RIYAL 1 Buying 27.22 Selling 27.50
QATARI RIYAL 1 Buying 28.03 Selling 28.31
To cater to people who have the habit to save in a regular basis and avail the bulk sum at the end with a high yielding interest rate, the bank launched the recurring deposit. The deposit is targeted among the middle class families who save for specific purpose like purchase of items, marriage etc.
Every drop counts – The best way to plan for your future needs is by way of opting Sunaulo Bhavishya Yojana which is most suitable for accumulating regular small savings into substantial amount. You can plan and provide for a large investment amount at a future date out of regular small savings. On maturity, you shall get the principal amount (i.e. the installments) along with quarterly compounded interest.
Participation in the scheme
Any individual including minor, proprietorship, partnership, Associations, Company, Corporate bodies, Trusts, Charitable and Educational institutions, Municipality etc. can open the account.
Minimum amount for opening an account is Rs. 100.00 and amount can be deposited in multiples of Rs 100. The amount of installment need be fixed at the time of opening the account.
Period of Deposit
12 months to 36 months in multiples of 12 months.
Paid in lumpsum at the time of maturity.
Allowed at 1% lower interest rate than the published deposit rate for the deposited period or prescribed rate (Whichever is lower).
Loan available upto 90% of the deposited amount at 2% higher rate than the published deposit rate.
Required documents for deposits:
For personal accounts: