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Reinvestment Plan (cash certificate)
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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 no penalty Charges
For Senior citizen additional Interest rate is Applicable..
Pledging of Deposit is with same as FD Interest Rate.
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.
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