Savings Bank

Monthly Income Scheme (MIS)

Recurring Deposit

Time Deposits

Senior Citizen Savings Scheme (SCSS)

Public Provident Fund

Kisan Vikas Patras

National Savings Certificates (NSC)

Savings Schemes Chart

FAQ on Banking

Negative List

 

 

 Recurring Deposit

 
 

              Any individual (a single adult or two adults jointly) can open an account.

      Advance Deposits earn rebate.

      Four defaults are allowed.

      Defaults can be paid within two months.

      Part withdrawal facility available.

      Premature closure allowed after three years.

      Pay Roll Savings Scheme is also available for employees of various Establishments.

Type of Account

Minimum Deposit

Maximum Deposit

Individual Account

Rs. 10/- and in multiples of Rs. 5/- thereafter

No limit.

 Recurring Deposit Rules