HOUSING LOANS DEPOSIT PLANS
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Cumulative Growth Plan
Deposits under the GRUH Cumulative Growth Plan are accepted in multiples of 1000/- for a term ranging from 12 to 120 months. The interest is compounded annually and the interest payment is made on the maturity date for the entire period. The minimum amount under this scheme is 1,000/-. However, in case of renewal of a deposit, the entire maturity value can be considered for renewal of deposit.
New Deposit Rates Effective January 05, 2017
|Term in Months||ROI (% p.a.)||TDS Free Limits ()|
Minimum Amount in Rupees : 1000/-
0.25% additional on Deposits received from Senior Citizens (60 years and above), Trust Depositors & GRUHINIs
In case of Cumulative Grow Plan, Interest will be Compounded Annually on 31st March and payable on maturity.