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Cumulative Deposit Scheme

Overview
Amount of Deposit      Rs.1000/- and in multiples of 100/-
Rate of Interest Attractive rate of interest as decided by bank from time to time.
Duration The period of deposit ranges from a minimum of 6 months up to a maximum of 120 months.

Features of Cumulative Deposit Scheme

  • Loan facility is available against the deposit amount plus accrued interest thereon.
  • TDS applicable as per Income Tax rules
  • Nomination facility is available.
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