Salient features of the scheme :

  • Account can be opened with a minimum of Rs.1000/- or any amount fixed by H.O. from time to time.
  • Minimum period is 15 days.
  • Maximum period is 12 months.
  • Interest due will be paid on monthly, quarterly, half yearly and yearly basis according to the choice of the depositor.

Loan can be granted up to 90% of the deposit amount against the pledge of Deposit Receipt in case of need.

In case the depositor desires to have interest payment on monthly, quarterly, half yearly or yearly basis, he should notify this instruction.