Reinvestment Deposit
Scheme wherein interest on the deposit is reinvested on a quarterly cumulative basis and repaid on due date along with the principal amount.
Key Features
- Interest to be compounded on quarterly basis
- Flexible tenure with minimum period of 12 months and maximum up to 120 months.
- Auto Renewal facility available
- Nomination facility
- Higher ROI for Senior Citizens
- Loans or Overdraft facility available against deposit up to 90%
- Deposit insured by the DICGC
- Premature withdrawal allowed with penalty of 0.50 %
Requirements
- KYC Documents as per RBI guidelines
Eligibility
- Individual (single/joint), Minor by guardian, Organizations
ROI W.E.F 01.08.2021
- Duration
General
Senior Citizen - 12 months to 24 months
5.75
6.25 - Above 24 months and up to 36 months
5.75
6.25 - Above 36 months and up to 60 months
5.75
6.25 - Above 60 months and up to 120 months
6.00
6.50