Period
of Scheme:
Can be opened for a 1 month to 12 months.
Principal
amount : Any handsome amount.
Interest
rate:
|
Period
|
|
Rate
|
| |
1
Month/ 2 Months / 3 Months |
|
11.00
|
| - |
|
|
|
| |
4
Months to 11 Months |
|
12.00
|
| - |
|
|
|
| |
12 months |
|
13.00
|
| |
|
|
|
Features
:
|
-
|
Interest
is compounded once a quarter |
|
-
|
Loan
may be allowed upto 80% of the deposited amount under
lien. |
|
-
|
Excise
duty and source tax etc. are deductible from the depositor
profit. |