Term Deposit

MBGB RD Scheme

An account to help people with regular incomes to deposit a fixed amount every month.

Who can Open the Account?

 

Individuals  singly or jointly, and HUF.

Minimum Amount

The Minimum balance of Deposit is Rs 100 per month and thereafter in the multiples of Rs 100

PERIOD OF DEPOSIT-  6 months to 120 months in the multiple of 1 month.

 

              Salient Features:

  • Deposit can be maintained for a minimum tenure of 6 months and in the multiples of 1 months subject to a maximum of 10 years.

 

  • Interest on Deposits is calculated at quarterly intervals at the applicable rates as communicated to the Depositors at the time of Account opening.