Beti Bachao Beti Padhao

Mahasanchay Deposit Plan (MSDP)


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.