MIDS (Monthly Interest Deposit Scheme)

Eligibility

• The Account can be opened in the name of an individual, minor, joint depositors, firms, corporate, clubs etc.

Amount of Deposit

• Enjoy fast and easy banking through savings bank account , Your hard earned money is safe and secure in this account

Period of Deposit

• Period of deposit would range from a minimum period of 12 months to maximum period of 120 months.

Other benefits

• Int. would be credited as per instructions of depositor to his SB, CA, RD a/c etc.
• Loan facility is available Upto 90% of the deposit.
• Nomination facility is available.

Rate of Interest

• Attractive Rate of interest as decided by Bank from time to time on maturity patterns.
• The monthly interest is calculated at discounted value.