• Attractive Rate of Interest.
  • Monthly installments
  • Multiple Installments in a month.
  • Flexible Installments.
  • No penalty for premature withdrawal.
  • No penalty for delayed payment of instalment.
  • Upto 90% loan facility available.
  • Special Rate for Senior Citizens.
Amount Of Deposit Minimum amount per month: Rs 500 and Maximum Rs 1 Lac.
Period Of Deposit Minimum 1 year and in multiples of 3 months; Maximum 10 years
Nomination Facility Available
Loan Facility Available upto 90% of the available deposit balance
Tax Deducted At Source Applicable as per prevailing Income Tax rules
Special Features
  • Installment can also be deposited one or more times during the month.
  • Additional amounts deposited under flexi option are not considered as prepayment for future installments
  • Deposits can be made any number of times in a given month in multiples of regular installment.
  • Free standing instruction for the credit of Dhanvarsha.
  • Individuals, Joint Acct, Guardian on behalf of minor, Proprietorship firm, Partnership accts, Company, association, trust, institution.
  • Application in the Banks’ prescribed form.
  • Copy of PAN Card / Form 60 or 61 (if customer does not have PAN Card).
  • Photograph of Depositor/s (2 copies).
  • Proof of Identity and address as per KYC Norms.
  • Any other related documents as applicable to proprietor ship concern, Partnership Firm, Company, HUF etc.
  • Depending upon the period of the deposit as prevailing from time to time. Interest compounded quarterly. Visit our Deposits Interest rate Page Click Here
Special Rate For Senior Citizen Additional ROI of 0.50% for Deposits with tenor of 180 days and above.
Penalty For Premature Closure No penalty for premature withdrawal: ROI applicable rate for the period (deposit remained with the bank) at the time of opening or contract rate whichever is less..
Penalty For Delayed Instalments No penalty for delayed payment of instalment.
Interest Application
  • For the RD Instalment amount as per the existing RD procedure.
  • For the top up amount, interest is calculated on daily product basis.
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Last updated on 25-08-2023 12:16 PM

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