Reinvestment Deposit

 
A Reinvestment Deposit A/c may be opened by any person, individual, a minor, a firm, company, trust and senior citizens.

• Nomination facility is available.

• Compounding Interest is eligible, depending upon the scheme & period of deposit.

• Monthly/Quarterly interest on deposits.

• Interest can be withdrawn in option monthly / quarterly.

• Premature closing depends on the scheme, subject to penalty if any.

• Loans can be obtained, against the deposit amount, subject to rules & regulations applicable.

• Standing instruction is accepted for transferring the interest.