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Cumulative Deposit Scheme

Amount of Deposit      Rs.500/- and in multiples thereof
Rate of Interest Attractive rate of interest as decided by bank from time to time on maturity patterns.
Duration The period of deposit ranges from a minimum of 6 months up to a maximum of 120 months.

Features of Cumulative Deposit Scheme

  • Loan facility is available against the deposit amount plus accrued interest thereon.
  • No TDS if appropriate forms (15G / 15H) are submitted.
  • Nomination facility is available.
Interest Calculator