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Recurring Deposit
Any individual (a single adult or two adults jointly) can open an account.
Advance Deposits earn rebate.
Four defaults are allowed.
Defaults can be paid within two months.
Part withdrawal facility available.
Premature closure allowed after three years.
Pay Roll Savings Scheme is also available for employees of various Establishments.
Type of Account
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Minimum Deposit
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Maximum Deposit
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Individual Account
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Rs. 10/- and in multiples of Rs. 5/- thereafter
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No limit.
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