ü Monthly deposits of Minimum Rs.100/- no maximum.
ü Minimum period 12 months maximum 120 months.
ü Rate of interest as applicable to Bank’s TDR / STDR for the period of the RD.
ü Loan / Overdraft up to 90% available against the balance in RD account.
ü TDS is not applicable.
Most Important Terms & Conditions
1. Monthly Rs. 100/- no maximum. b) Deposit in Multiple of Rs.10/-
2. Minimum period 12 months maximum 120 months
3. Rate of interest as applicable to Bank’s TDR / STDR for the period of the RD
4. Premature withdrawal allowed at 0.5% below the rate applicable for the period the deposit has remained with the Bank
5. Loan / Overdraft facility available against the balance in RD account
6. Penalty charges for non-Deposit of monthly instalments:
a. For a/c of period 5 years and less --Rs. 1.50 per Rs. 100/- per month
b. For a/c of period above 5 years- Rs. 2.00 per Rs. 100/- per month
7. No Cheque Book / ATM Card will be issued
8. Passbooks are issued
9. Nomination facility available