NRE Reccuring Deposits - Build up your savings through a systematic and simple plan that allows you to pool in large savings by small instalments

Ideal and convenient for periodical savings, when you don’t have a large initial capital to invest. NRE Recurring Deposit enables you to build up a sizable capital over a period, in a regular and systematic way.

Features & Benefits

  • Minumum – Rs 50/- per month (in multiples of Rs 50/-). No ceiling on maximum amount.
  • Deposit can be opened for period ranging from 1 Year to 10 years.(In multiples of 3 months)
  • Standing instruction facility will enable automatic transfer of installment amount from your NRE savings account
  • Earn Interest at Cumulative Fixed Deposit rates, compounding quarterly.
  • Premature closure is allowed at any point of time with a penalty@1% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
  • Loan facility is avialable for Reccuring deposit against the amount present in your deposit account, subject to terms and conditions with interest @ only 2% above deposit rate.
  • Nomination Facility avialable

How to Open?

  • NRE Reccuring deposits can be opened by visiting our branch.

Rates & Charges

  • Minumum – Rs 50/- per month (in multiples of Rs 50/-). No ceiling on maximum amount.
  • Deposit can be opened for period ranging from 1 Year to 10 years.(In multiples of 3 months)
  • Standing instruction facility will enable automatic transfer of installment amount from your NRE savings account
  • Earn Interest at Cumulative Fixed Deposit rates, compounding quarterly.
  • Premature closure is allowed at any point of time with a penalty@1% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
  • Loan facility is avialable for Reccuring deposit against the amount present in your deposit account, subject to terms and conditions with interest @ only 2% above deposit rate.
  • Nomination Facility avialable
  • NRE Reccuring deposits can be opened by visiting our branch.

OUR KEY PRODUCTS

RECURRING DEPOSIT

GOLD LOAN

AGRICULTURE LOAN

VEHICLE LOAN

RECURRING DEPOSIT

GOLD LOAN

AGRICULTURE LOAN

VEHICLE LOAN



Get Latest Updates

SUBSCRIBE US


630+

Branches

10,500+

Networked ATMs

3500+

Employees

70,00,000+

Happy Customers

© 2017 Kerala Gramin Bank.    All Rights Reserved.
Powered by : SRV InfoTech