SPB Kanya Recurring Deposit Account Scheme

NAME OF SCHEME

SPB KANYA RECURRING DEPOSIT ACCOUNT

(GIRLS UPTO AGE OF 12 YRS WITH GUARDIAN)

TYPE OF DEPOSIT

RECURRING DEPOSIT ACCOUNT

FOR MIN.12 MONTHS AND MAX 120 MONTHS

MIN REQUIREMENT

Rs.500/-

MINIMUM BAL IN A/C

MULTIPLES OF Rs.500/-

KYC COMPLIANCE

IN FULL

BASIC FEATURES/FACILITIES

NOMINATION FACILITY (INDIVIDUALS ONLY)

OPERATION IN THE ACCOUNT ALLOWED ALONGWITH GUARDIAN

CONVERSION OF MINOR A/C TO MAJOR ON ATTAINING  MAJORITY

PENALTY OF Rs.100/- FOR CLOSURE OF A/C WITHIN ONE YEAR

IF THE RD A/C IS OPENED FOR 5 YRS & ABOVE, PRIORITY FOR

LOAN FACILITY FOR EDUCATION LOAN /MARRIAGE PURPOSE LOAN @50%

 REBATE IN LOAN PROCESSING CHARGES