Reserve Bank of India approves Bank of Rajasthan Merger with ICICI Bank - Click Amalgamation for Details

Aravali Deposit Scheme

This is a reinvestment plan and has been designed to facilitate maximum return to the depositors by way of reinvesting the amount of interest earned at the same rates at which the deposit was initially accepted.

Eligibility Individuals Singly/Jointly, Firms, Corporate bodies, Associations etc. can open the account under the scheme.
Amount Minimum Rs. 1000/- in Rural and Semi Urban branches. Minimum Rs. 2000/- in Urban and Metro branches. Additional amount in multiples of Rs. 100/-
Period Any number of days with a minimum period of 6 months & maximum of 10 Years.
Interest Applicable as per term deposits rates table & compounded on quarterly basis. Maturity value is payable on contracted due dates.
Tax Deduction at Source Applicable
Nomination Accepted
Transferability Option Deposit can be transferred from one branch to another branch of the Bank at any other city.
Other facilities Loan or overdraft against the deposit is available. Premature payment is permissible.