Fixed Deposit Monthly

• Individuals (Single or jointly), Minor By Guardian, Institutions, Co-op Societies, HUF can place deposit.
• 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 Monthly Discounting Method .
• Premature withdrawal of Deposit is allowed with no penalty Charges .
• For Senior citizen additional Interest rate is Applicable.
• Pledging of Deposit is with same as FD  Interest Rate.
• Monthly Interest can be credited to Same bank account , Pay Order , NEFT
• Interest payable on the deposit is subject to directives of RBI from time to time .
• DICGC insurance covered Deposit up to Rs. 500000/-
• Documents Required as per KYC rules.