KVD - Earn interest on interest and maximise your returns!

Interest re-investment plan enabling to earn compounded return on your investments

Features & Benefits

  • Deposit can be opened for period ranging from 1 year to 10 years. (In multiples of 3 months)
  • Accounts can be opened for minimum RS. 1000/- with no maximum limit.
  • Earn Interest on Interest.
  • Re-investment deposit plan that multiplies your money quickly. Apart from safety and liquidity, it offers you the highest growth option
  • 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.
  • Loans against deposit are allowed upto limits prescribed on the basis of the residual maturity period, with interest @ only 2% above deposit rate.
  • TDS applicable as per the extant IT guidelines.
  • Nomination facility available
  • Auto renewal facility available.

How to Open?

  • KVD can be opened by your KGB branch.

Interest Rates & Charges

  • Deposit can be opened for period ranging from 1 year to 10 years. (In multiples of 3 months)
  • Accounts can be opened for minimum RS. 1000/- with no maximum limit.
  • Earn Interest on Interest.
  • Re-investment deposit plan that multiplies your money quickly. Apart from safety and liquidity, it offers you the highest growth option
  • 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.
  • Loans against deposit are allowed upto limits prescribed on the basis of the residual maturity period, with interest @ only 2% above deposit rate.
  • TDS applicable as per the extant IT guidelines.
  • Nomination facility available
  • Auto renewal facility available.

OUR KEY PRODUCTS

RECURRING DEPOSIT

GOLD LOAN

AGRICULTURE LOAN

VEHICLE LOAN

RECURRING DEPOSIT

GOLD LOAN

AGRICULTURE LOAN

VEHICLE LOAN



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