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Annual General Meeting on 09/09/2015 at Monghabhai Hall, Valsad New*
ATM Card is launched on 09/09/2015 New*
Net Banking Coming Soon*
Mobile Banking Available*
ATM Card is launched on 09/09/2015 New*
Net Banking Coming Soon*
Mobile Banking Available*
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Cumulative Deposit
What is a Cumulative Deposit Bank Account?
In Reinvestment deposits, interest is calculated quarterly or half yearly and added to the principal amount. In Cumulative deposit scheme, interest is payable at the time of maturity along with the principal. This scheme is suitable for persons who do not require periodical interest payment and this can be thought of as a money multiplier scheme.
Types Of Cumulative Deposit
- STDR –IND
- STDR-STAFF
- STDR-SR. CITIZEN
- STDR-SOCIETY
- STDR-OTHER
Facilities In Cumulative Deposit Account
- Term Receipt
- SMS on Maturity
- Interest transfer option as per customer convenience
- Auto Renew Facility
- TDS Exemption on submission of Form 15G/15H3
- Loan /Overdraft against FD
Apply Online For Account
Refer KYC Document List For Opening Account
Submit your Inquiry for Opening New Account
Know About Interest Rate
Refer Interest Rate Page for Fixed Deposit Account
Download All Forms Click Here
