RECURRING DEPOSIT

Salient Features : A regular monthly savings which grows into a large sum to satisfy the financial needs

of depositor.

Eligibility : As in the case of Fixed Deposit

Min Amt : Rs.100 and in multiples of Rs. 10

Max Amt : Rs. 25000/- per month

Min Period: 12 Months .

Max Period : 60 Months

Other Requirements/Details :

• Loan facility: Up to 90% of the principal amount with rate of interest at 2% p.a. over the rate of interest payable to depositor.

• A penalty at the rate of Rs. 1.50 per Rs. 100 p.m. will be levied where the remittance is made after the due date.

• Nomination Facility Available.