This deposit is best suited for salaried and regular income groups with monthly saving of specified amount for a specified period between of one year and ten years. All other features applicable as term deposit Accounts.

Monthly Deposit

Monthly deposits of Minimum Rs.100/- and in multiples of Rs 10/- No maximum.

Time period

Minimum period 12 months maximum 120 months

Rate of Interest

Rate of interest as applicable to Bank's TDR / STDR for the period of the RD

Tenure

Minimum 6 month and maximum 10 years

Premature Withdrawal

Premature withdrawal allowed and for this, rules for TDR/STDR is applicable.

Loan Facility

Loan / Overdraft up to 90% available against the balance in RD account.

Nomination Facility

Available

TDS

Applicable

Penalty charges for non- Deposit of monthly instalments

For a/c of period 5 years and less --Rs. 1.50 per Rs. 100/- per month.

For a/c of period above 5 years- Rs. 2.00 per Rs. 100/- per month.