KRANTI DOUBLE BENEFIT DEPOSIT SCHEME

It is an innovative product launched recently in our Bank— Under this scheme, a customer is eligible for an additional benefit of loan equivalent to the maturity proceeds of Recurring Deposit—To illustrate—

A customer has to open one recurring deposit for 24 months and to pay the monthly installment of Rs.1920/-(Minimum) and maximum of Rs.7700/-(Maximum) regularly without any default. He is eligible for special interest rate on recurring deposit. After completion of 24 months i.e. on maturity, he is eligible for a loan equivalent to maturity value or Rs.2.00 lakhs whichever is less, repayable in 36 EMI’s. No Security is required and special interest rate would be charged on loan.

Documents Required

•  Aadhar Card, PAN CARD
•  Address Proof