Reinvestment deposit scheme has been introduced as a real money spinner for you. In this scheme, interest is compounded every quarter and reinvested to make your savings grow faster. It is so easy that you just need to invest an amount and relax as you let your investment multiply. You will receive a lump sum at the end of the period chosen.
This is amongst our most popular reinvestment plans earning a higher rate of interest on your savings. Moreover, loans against such deposits are also provided. Deposits can be made for periods ranging from 1 year to 5 years. Nomination facility is also available. A complete detail of the scheme is documented below.
features of the scheme are:
Period Interest Rate
1 year to 2 years 10%
2 to 3 years 11%
3 to 5 years 12%
This is amongst our most popular reinvestment plans earning a higher rate of interest on your savings. Moreover, loans against such deposits are also provided. Deposits can be made for periods ranging from 1 year to 5 years. Nomination facility is also available. A complete detail of the scheme is documented below.
features of the scheme are:
- Term Deposit accounts with automatic reinvestment of the accrued interest at quarterly compounding till maturity of the principal. No interim withdrawal of interest and therefore investment multiplies.
- Existing term deposit accounts can freely be converted to Reinvestment Term Deposit accounts and vice versa.
- Ideal for maximum returns, long term investment with safety and liquidity.
- Premature withdrawal permitted with applicable penalty.
Period Interest Rate
1 year to 2 years 10%
2 to 3 years 11%
3 to 5 years 12%
- 1% extra for Senior Citizens. (Age 60 years and above)
- Minimum Deposit: Rs. FIVE THOUSAND & in multiples of Rs.1000/-