Reinvestment Plan (cash certificate)

  • Individuals (Single or Jointly), Minor By Guardian, Institutions, Co-op Societies, HUF can place deposit.
  • Quarterly Compounded interest payable on Maturity.
  • Period of Deposit is Minimum 1 year.
  • Minimum amount of Deposit –Rs 1000/ And Maximum Amount of Deposit “ No Limit”.
  • Interest Calculation is based on Quarterly Method.
  • Premature withdrawal of Deposit is allowed with penalty of 1% in current interest rate.
  • For Senior citizen/ Bulk Deposit holders (more than 15 lakhs) additional Interest rate is Applicable..
  • Pledging of Deposit is with additional 2% Interest Rate.
  • Interest can be credited to Saving account or Pay Order
  • Interest payable on the deposit is subject to directives of RBI from time to time .
  • DICGC insurance covered Deposit up to Rs. 100000/-
  • Documents Required as per KYC rules.