Other Conditions

• The installment must be paid on or before the 10th day of every month to be considered eligible for interest for that month.
• Installments will be accepted free of charge at any of the branches of our Bank.
• The account will mature for payment on the pre-determined due date at the time of opening or one month after the date of depositing the last instalment.
• The Bank reserves the right to close any account after giving due notice in which the monthly installments are not paid consecutively for –3- months.
• If a sole depositor, or in the case of a joint account, all the depositors, desire(s) to discontinue the account before all the agreed installments are paid, the amount of installments already paid will be repayable together with interest.
• If an account is closed or discontinued for any reason before all the agreed installments are paid by the depositor, the amount of installments already paid may be repaid together with interest calculated at a rate 1% below the rate applicable at the time of opening the account for the period for which the deposit has remained with the Bank.
• If an account is closed within 12 months of it’s opening, a charge of Rs.50/- will be levied.

Other Features

• Anywhere banking facility.
• Transfer of Recurring Deposit accounts between our wide network of branches without any charge.
• Free Internet Banking facility.
• Nomination facility available.
• Free NEXT-GEN Credit Card with Add on card for spouse.