Cumulative Fixed Deposit

Cumulative deposits:
Multiply your investment by making a deposit under this scheme and avail attractive and competitive rates of interest. The accrued interest on your deposit is added back to the principal amount and reinvested. The minimum period of multiplier deposit is one year and maximum period is 10 years. This scheme attracts a quarterly compounded rate of interest and also provides the option of pre-closing the deposit against the customer demand. Auto renewal facility is available.
Who can open this account?
- Any individual either singly or jointly, guardians on behalf of minors, companies, associations, clubs and other charitable organizations can open this account.Senior Citizens of above 60 years and registered trust enjoy extra benefit 0.50%.
Documents Required
- Aadhar card, PAN card
- Residential Proof
- Two Passport size ColorPhotographs
- Companies, associations, clubs and other charitable organizations etc– additional documents required.