inner-banner

SAMRIDDHI Recurring Deposit (SRD)

Particular Terms
Period 1 year 2 year 3 year 5 year 6 year
Minimum deposit Rs. 100 and multiple of Rs. 10
Frequency of transaction Monthly
Rate of Interest 9.50% 10.50% 11.50% 12.50% 13.50%
Interest payable Dailyl Compounding
Lock-in Period 12 months 12 months 18 months 36 months 48 months
Premature payment 13-24 months (minus 3 % interest) 19-36 months (minus 3 % interest) 37-60 months (minus 3% interest) 49 -72 months (minus 3% interest)
SRD
Terms & Conditions:
  • Irregular account will charged Rs. 1.5 per hundred Rupee transactions.
  • Pre-mature payment facility is available subject to minimum lock-in period.
  • Pre-maturity will attract deduction @ 3.0 % on applicable rate of deposit.
  • The maturity amount will be transferred to Saving Account after 15 days.
  • No interest is payable after maturity of Deposit.
Note:

Loan facility is available only on regular account.

Loan can be availed up to 70% of deposit value (Principal plus interest credited till date).