Significant Features:

• Any Individual Can Open Recurring Deposit Account.
• Maximum 3 Names Are Allowed In Joint Account.
• Minimum Amount of Monthly Installment is Rs. 100/-.
• Institute / Co-Soc./Mandli / Trust Can Open Recurring Account.
• Recurring Deposit is Accepted For Minors too.
• Current Rate Of Interest is Subject to Change.
• Nomination facility is Available.
• Payment exceed by Rs. 10000 at the time of maturity will be paid to A/c  Pay Order Only.
• Select Maturity Period & Pay Installment Regularly.
• Get Handsome Amount with Compounded Interest is paid on Maturity.
• Irregularity in the deposition of installment attracts penalty.
• Deposit installment on any day of the month.
• No TDS – Irrespective of any amount.

 

Requisites For Opening Of Account.

• Duly filled Account Opening form.
• Zerox of PAN Card / Duly filled Form 60.
• 2 Photograph of Each Signatories.
• Residential proof: any one of following.
• Electricity Bill / Telephone Bill / House Tax Bill Etc.
• valid document issued and permitted by govt.

 

Introduction :

• Account Holder Are Required To Introduce themselves by One of the following :
• Existing Account Holder.
• Share Holder Member of The Bank.

 

Deposit Interest Rate :

• Interest rates on Saving Account is 3.50% on daily credit balance.
• The Interest Rates for deposits have been revised from 01/09/2017, New Interest Rates for deposits as mention below.

Sr.	Particular	Regular	Sr.Citizen
1	15 days To 90 days	4.00	–
2	91 days To 180 days	4.50	–
3	181 days To 364 days	5.00	–
4	1 Year days To Under 2 years	6.25	6.75
5	2  years & above	6.00	6.50