Under this scheme the customer can save small amount in monthly installments for a fixed term to get back a lumpsum. Interest is accumulated on principal over the saving period at attractive rates of interest
All the deposits upto Rs. 5 Lakhs per deposit are covered by insurance under DICGC scheme with Depositor Insurance & Credit Guarantee Corporation.
The advantage in opening a Recurring Deposit Account that the depositor would be able to save certain sums in fixed monthly installments so that he/she would be able to meet an anticipated liability/obligation after the end of a specified period.
1. Any person or persons approved by the Bank.
2. Co-operative Societies, Registered Trust, Institutions and Associations.
3. By two or more persons in their joint names.
4. By a natural guardian i.e., father or mother approved by the bank on behalf of a minor.
1. Interest will be paid on the deposits at the rates in force as per the Reserve Bank’s directive from time to time.
2. Interest amount will be paid at the time of maturity.
The Bank will issue a Pass Book showing the name, address, installment amount, the period for which the deposit is accepted, maturity date and maturity amount.
90% Loan against deposit amount is available.
The Bank reserves the right to alter, amend and rescind the rules from time to time.
* For more details contact our nearest branch.
Current Account with cheque book facility is offered by the bank to its …..
Interest earned on the term deposits and savings deposits attractOn ….
A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradise
Committed to helping you meet all your banking needs.
H.No. 5-5-1, Beside District Court, Yellammagutta,
Nizamabad-503003
development.nzb@nzbdccb.org