NRO Reccuring Deposits - Let your monthly surpluses become a building block for your future

Quintessential for NRI’s with fixed monthly income,as NRO recurring deposit allows them to make convenient periodical savings. It would eventually help build up a sizable capital over time, 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/NRO 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.
  • TDS applicable as per the extant IT guidelines.
  • Nomination Facility avialable

How to Open?

  • NRO 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/NRO 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.
  • TDS applicable as per the extant IT guidelines.
  • Nomination Facility avialable
  • NRO Reccuring deposits can be opened by visiting our branch.

OUR KEY PRODUCTS

RECURRING DEPOSIT

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AGRICULTURE LOAN

VEHICLE LOAN

RECURRING DEPOSIT

GOLD LOAN

AGRICULTURE LOAN

VEHICLE LOAN



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