Indian Bank Recurring Deposit Scheme

Hello brother tell me that what is the Recurring Deposit Scheme of Indian Bank, provide me details for this ?

[Saksham]

Hello friend as you ask for the Recurring Deposit Scheme of Indian Bank so on your demand I am providing you the details…..


Interest Application
Quarterly compounding

Features
A recurring deposit scheme with the option of varying the monthly installments is called the Variable Recurring deposit scheme

Minimum Amount
Initial deposit Rs.25 or in multiples of Rs.25 upto a maximum of Rs. 1 lakh
Can vary subsequent monthly instalment subject to a maximum of Rs. 10 lakhs per month.

Minimum Period
Minimum period – 12 months and the maximum period – 120 months

Other Requirements/Details
Loan, nomination and foreclosure facilities.
No penal interest on delayed payment of instalmentsInterest will be paid on the minimum balance between 10th and last day of the month. TDS not applicable

Services of Indian Bank
1. Ind Netbanking
2. Ind Mobilebanking
3. Ind Phonebanking
4. e Payment of Indirect Taxes
5. MCA Payment
6. IndJet Remit (RTGS)
7. N E F T
8. CMS Plus
9. Multicity Cheque Facility
10. IB Swarna Mudra
11. Credit Cards
12. ATM/Debit Cards
13. IB Jeevan Kalyan
14. IB Varishtha
15. IB Chhatra
16. Arogya Raksha
Group Health Insurance Policy
(By arrangement with M/s. United India Insurance Co. Ltd)
17. e Payment of Direct Taxes
18. New IB Jeevan Vidya
19. Money Gram
20. Jana Shree Bima Yojana (Launched in association with LIC)
21. Universal Health Care (launched in Association with UIIC Ltd)
22. IB Griha Jeevan Group Insurance Scheme for Mortgage Borrowers (launched in Association with LIC)
23. IB Home Suraksha-Group Insurance Scheme for mortgage Borrowers (launched in Association with Kotak Mahindra Old Mutual Life Insurance Ltd)
24. Xpress Money – Inward Remittance – Money Transfer Service Scheme
25. IB Yatra Suraksha (launched in Association with UIIC Ltd)
26. IB Vidyarthi Suraksha (launched in Association with PNB-Metlife)