Comparative Study of Two Banks

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  • Topic: Time deposit, Deposit account, Cheque
  • Pages : 3 (568 words )
  • Download(s) : 492
  • Published : April 20, 2012
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Regular Recurring Deposit
Features & Benefits
Fixed monthly installments are being remitted to Recurring Deposit by a Standing Order, ECS Mandate  or by regular direct remittance Opening Balance: Rs.500/-
Interest Rate: As applicable for term deposits including the benefits of Senior Citizens TDS in Interest: No TDS as per current regulations
Deposit Tenor: 12 months to 120 months
Nomination facility: Available
Premature Closure: Allowed
|[pic]  | | | |  | |Eligibility : | |An Individual, firm, partner & company, can open recurring deposit account. Even a minor can open Recurring deposit account with us. | |It is ideal for Doctors, Engineers, Businessmen, students, household women etc. | |Amount of Deposit : | |Monthly installment with a minimum Rs.50/- and in multiples of Rs.10/- thereafter | |Period of Deposit : | |Minimum 6 months to maximum 120 months. | |Mode of Payment | |By...
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