DEPOSIT REINVESTMENT CERTIFICATE This is an ideal scheme for investing a lump sum amount where interest is compounded quarterly and paid along with the principal amount invested. Deposits can be made for any period of time from 6 months to 120 months. Deposits can be accepted even for odd periods of time like 37 months, 65 months and 6 days and so on. Minimum amount of deposit will be Rs.100/- in Rural/Semi-urban centres and Rs.500/- in Urban/Metro centres and in multiples thereof. Interest at applicable rate for the period for which the deposit is kept, is automatically reinvested at quarterly intervals. As the Interest is compounded, the amount invested multiplies and matures into an attractive lump sum, thus doubling over a period of time. (Please check with the branch nearest to you for the latest table available on maturity values).
DEPOSIT REINVESTMENT CERTIFICATE
Deposits can be made for any period of time from 6 months to 120 months. Deposits can be accepted even for odd periods of time like 37 months, 65 months and 6 days and so on.
Minimum amount of deposit will be Rs.100/- in Rural/Semi-urban centres and Rs.500/- in Urban/Metro centres and in multiples thereof.
Interest at applicable rate for the period for which the deposit is kept, is automatically reinvested at quarterly intervals.
As the Interest is compounded, the amount invested multiplies and matures into an attractive lump sum, thus doubling over a period of time. (Please check with the branch nearest to you for the latest table available on maturity values).
