SAMRIDDHI Monthly Income (SMI)

Particular Terms
Period 1 year 2 year 3 year 5 years & above
Minimum Monthly Income Rs. 500 and multiple of Rs. 100/-
Frequency of transaction One time Deposit
Rate of Interest 11% 11.25% 11.50% 12.50%
Instalment payable Monthly
Lock-in Period 6 months 1 year 1.5 year 3 year
Special Benefit Accidental death Insurance coverage of Rs. 100000

Terms & Conditions:
  • The monthly income amount will be transferred to Saving Account.
  • Pre-mature payment facility is available subject to minimum lock-in period.
  • Pre-maturity will attract deduction @ 1.5 % on deposit amount.
  • The maturity amount will be transferred to Saving Account after 15 days.
  • No interest is payable after maturity of Deposit.

Loan facility is available only on deposit.

Loan can be availed upto 70% of deposit value.