1. Recurring Deposits:
a. | Recurring deposit is accepted in monthly instalments with a Minimum sum of Rs. 100/- per month. |
b. | Duration of the deposit: Minimum period of deposit is 12 Months and Maximum period is 120 months. |
c. | Rate of interest depends on period of deposit. |
2. Dhanavarsha Recurring Deposit:
a. | Fractional monthly instalments will be collected for a predetermined maturity value ie., for Rs. 10,000/- , Rs.50, 000/-, Rs.1,00,000/- etc. |
b. | All other guidelines of recurring deposits are applicable to this scheme also. |