To cater to people who have the habit to save on 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 the 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.
Purpose: To cater to people who have the habit to save in regular basis and avail the bulk sum at the end with high yielding interest rate.
Rs 5,00/- per month (In multiple of Rs.100/- per month)
Period: 12 months to 60 months (in the multiple of 12 months)
As per Normal FD rate
- Maturity date and the amount will be fixed at the time of opening account.
- Premature withdrawal allowed.
- Loan available up to 90% of the deposited amount at 2% higher rate than the published interest rate.