Cumulative Term Deposit
Watch drops become an ocean with monthly savings
About Cumulative Term Deposit
Transform small monthly investments into substantial wealth
Any one can invest in small amounts every month and see the drop become an ocean. Through this account you can invest small amounts of money every month and end up with a large amount on maturity.
Bank also allows you facility to give standing instructions by which the amount is debited from your account every month.
Key Features
Small Monthly Deposits
Start with just Rs. 100/- per month
No Upper Limit
Maximum amount - no limit
Monthly Deposits
Deposits should be made monthly
Term Deposit Rates
Same interest rates as Term Deposit
Auto Debit Facility
Standing instructions available
Nomination
Facility available for this account
Maturity Period
It is opened for a maturity period ranging from 1 year to maximum 5 years.
1 Year
2 Years
3 Years
Up to 5 Years
How It Works
Open Account
Open a Cumulative Term Deposit account with minimum Rs. 100/- monthly deposit
Select Tenure
Choose your preferred maturity period from 1 to 5 years
Standing Instructions
Set up auto-debit facility for hassle-free monthly deposits from your account
Maturity Benefit
Receive your accumulated amount with interest on maturity
Benefits
Small Drops, Big Ocean
Invest small amounts monthly and watch them grow into a large sum
Flexible Investment
Start with Rs. 100/- and invest any amount with no upper limit
Automated Deposits
Standing instructions facility for automatic monthly debits
Attractive Returns
Earn interest rates same as applicable for Term Deposit
Nomination Facility
Secure your investment with nomination facility
Start Building Your Wealth Today!
For details/queries, contact your nearest branch.