Term Deposit



Scheme NameScheme Description
Kisan Vikas Patra L SAVINGS CERTIFICATE / OTHER BANK FDR LOAN Kisan Vikas Patra/National Savings Certificate/ Other Bank FDR amount is 80% of principle and period up to FDR maturity. Interest Rate Is 17%. Penal Rate Is 2 % , Process, Security And Building Fund 1%.Resp
MONTHLY INTEREST SCHEME DEPOSIT Monthly Interest Scheme required saving account. Every month interest is transfer to saving account. Period is 12 month to 60 month. Interest calculation is normal. If deposit withdraw within 31 days than interest is not apply. If the deposit is prem
Cash Certificate Deposite Cash Certificate Period is 12 month to 60 month. Interest calculation is compounding. Deposit and interest will get after maturity. Auto renewal facility is available. If deposit withdraw within 31 days than interest is not apply. If the deposit is p
SHORT TERM DEPOSIT Short Term Deposit Period is 31 days to withdraw within 31 days than interest is not apply. If the deposit is premature than interest is calculated less 2 % of i vivek
RECURRING DEPOSIT Recurring Deposit Period is 12 month to 60 month. If the deposit is premature than interest is calculated as per saving interest rate. If account is open from agent and its premature than 3 % commission is deduct from its deposit amount. Interest Rat

Also providing following facilities shortly:

Tie up with IDBI Bank for issuance of Demand Drafts: This facility will be helpful for issuing demand drafts on approximately 500 centers of IDBI Bank. In this facility we can issue the demand drafts to the customer having special demand for Nationalized Banks demand drafts for payment of custom etc.
NECS( National Electronic Clearing System): In this system the ECS file will be uploaded centralized at MRO. Initially only the credit transactions will be uploaded. The settlement cycle for the same is one day only.

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