Features:
- Eligible Customers – Individual (singly or jointly) with others/ Minors/ Hindu Undivided Family/ Proprietorship/ Partnership Firm/ Commercial Organization/ Company / Corporate Body/ Association/ Club/ Society/ Trust / Religious/ Charitable Educational Institutions/ Municipality/ Panchayat/ Government/ Quasi-Government body.
- Fixed Monthly Installment – Minimum Rs.100 per month and thereafter in in multiples of Rs.1
- Maximum Monthly Installment – Rs.25 lakh per customer per month
- Flexible Tenures: Between 6 months to 120 months in multiple of 1 months.
- Standing Instruction facility available for deposit of monthly installment.
- Loan facility available against RD balance.
- Premature withdrawal option available with 1% penal interest.
- Nomination facility available.
Terms & Conditions:
- Payment of RD will be due on maturity or one month after deposit of last installment, whichever is later.
- TDS is applicable as per rules.
- Delayed installments can be deposited before maturity, by paying a nominal penalty of Rs.1 per Rs.100 per month.
- In case of pending installments at maturity, interest is applied on daily balances with half-yearly compounding.
- Rate of interest would be card rate as applicable to all the tenors of deposit as displayed on website, subject to change from time to time.
- Senior citizens of age 60 years and above to below 80 years shall get an additional rate of interest of 50 bps over applicable card rates for a period up to 5 years and 80bps for a period above 5 years on domestic deposits of less than Rs. 3 Crore.
- Super Senior Citizens of age 80 years & above shall get an additional rate of interest of 80 bps over applicable card rate across all maturity buckets.
| To get Rs.10 lakh on Maturity, invest Monthly as per the chart illustrated below: | |||
| Tenor | Monthly Core Amount(In Rs.) | RoI | Maturity Value(In Rs.) |
|---|---|---|---|
| 1 Year | 80503 | 6.4 | 1000005 |
| 2 Year | 38974 | 6.4 | 1000003 |
| 3 Year | 25150 | 6.4 | 1000017 |
| 4 Year | 18214 | 6.4 | 1000047 |
| 5 Year | 14087 | 6.5 | 1000048 |
| 6 Year | 11527 | 6 | 1000061 |
| 7 Year | 9572 | 6 | 1000055 |
| 8 Year | 8112 | 6 | 1000076 |
| 9 Year | 6982 | 6 | 10000128 |
| 10 Year | 6082 | 6 | 1000057 |
| To get Rs.5 lakh on Maturity, invest Monthly as per the chart illustrated below: | |||
| Tenor | Monthly Core Amount(In Rs.) | RoI | Maturity Value(In Rs.) |
|---|---|---|---|
| 1 Year | 40255 | 6.4 | 500046 |
| 2 Year | 19490 | 6.4 | 500078 |
| 3 Year | 12575 | 6.4 | 500009 |
| 4 Year | 9110 | 6.4 | 500188 |
| 5 Year | 7044 | 6.5 | 500059 |
| 6 Year | 5765 | 6 | 500161 |
| 7 Year | 4790 | 6 | 500446 |
| 8 Year | 4060 | 6 | 500531 |
| 9 Year | 3495 | 6 | 500637 |
| 10 Year | 3041 | 6 | 500029 |