Salient features of the scheme :

  • Account can be opened with a minimum of Rs.1,000/- or any amount fixed by H.O.
  • After certain period, the amount deposited will be double. Here , the period is computed based on the rate of interest prevailing at the time of deposit.
  • Full amount is paid on maturity.
  • Loan can be granted up to 85% of the deposit amount against the pledge of Deposit Receipt in case of need.

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