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You can start a Recurring Deposit with us for a monthly installment of Rs.1000.
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Fixed monthly thrift without upper limit. |
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Nomination facility available. |
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Loans upto 95% of the deposit would be available at 2% above the underlying interest rate on Deposit.
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Compounding of interest is applicable if the period run is =>6 months monthly instalmentments having been paid regularly.
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For delayed installments penalty at the rate of Rs.2/- per month for every Rs.100 would be levied.
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Premature withdrawal is allowed with a penalty of 1% on the applicable rate.
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The bank will pay interest @ 4% on matured deposits, also called overdue deposits, after 14 days post the maturity date. This rate is subject to change based on prevailing RBI regulations.
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Free transfer between branches is possible. |