Only members can open a recurring deposit account.
To open an account, a minimum monthly installment of Rs. 500/- is required.
If the monthly installment is not paid regularly, a penalty of 1 paise per day will be levied on the deposit installment amount.
A4. When withdrawing deposits prematurely, no interest will be paid for 0 to 6 months. For 7 to 11 months, interest will be paid at an annual rate of 5%, for 12 to 18 months, at an annual rate of 7%, and for 19 to 24 months, at an annual rate of 8%.
Irregular payments can cause a difference in interest rates.
In front of police head Quarter Goregaon Road, Karanja, Gondia.