Deposit Reinvestment Certificate (DRC)
§ 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 from 6 months to 120 months.
§ Interest at applicable rate for the period for which the deposit is kept, is automatically reinvested at quarterly intervals.
§ Interest being compounded, the amount invested multiplies and matures into an attractive lump sum amount. The amount invested doubles over a period of time. Latest maturity vale table is available with the branch.
§ Secured loan facility is available on these accounts as per the term and conditions of the bank.
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