Suvidha Bachat Yojana
A scheme to save at convience and earn higher interest.| Eligibility | Individuals Singly/Jointly, Firms, Corporate bodies, Associations etc. can open the account under the scheme. |
|---|---|
| Amount | Minimum Rs. 100/- & maximum Rs. 25,000/- per month (in multiples of Rs. 100/-). Variable monthly instalments Rs. 100/- or above with a maximum of 10 times the initial deposit or Rs. 25,000 which ever is less is accepted. |
| Period | Minimum 12 months & maximum 120 months with quarterly interval |
| Interest | Applicable as per term deposits rates table. |
| Tax Deduction at Source | Applicable |
| Nomination | Accepted |
| Transferability Option | Available within Bank's Branches |
| Other facilities | Loan or overdraft against the deposit is available. Premature payment is permissible. |
