Mahasanchay Deposit Plan (MSDP)
(MSDP REPLACE OUR EXISTING SULABH DEPOSIT SCHEME.)
Basic Feature : RD scheme with a core monthly instalment (fixed) & flexi Installments.
Eligibility : Individuals, singky or jointly, firms,clubs , Associations and Corporate Bodies etc complying with kyc norms.
Min/ Max Core Monthly Instalment Amt – Minimum core monthly instalment Rs.100/- & in multiples of Rs. 100 thereafter. Maximum core monthly instalment Rs. 10,000/-
Flexi / Variable Monthly Instalment - 10 times of core instalment in multiples of Rs.100 subject to maximum of Rs.50,000 p.m. including core component.
Period of Deposits –
Minimum – 12 months & in multiples of 3 months thereafter.
Maximum - 60 Months.
Interest - Same as applicable to retail term deposits.
Additional Interest to Seniord Citizens/Members of staff : Same as applicable to retail term deposits.
Facilities Available –
- Loan upto 90% of balance including interest accrued.
- Nomination facility is available.
- Premature closure allowed as per rule of Term Deposits
- Transfer from one branch to another branch allowed.