MTS Samriddhi Quarterly RD

Samriddhi Quarterly Recurring Deposit

A saving plan with feature of quarterly installment which helps you regulate your savings and reap its benefits from time to time. Also avail up to 95% of the deposit amount by way of loan/overdraft.

Key Benefits:

• Regularizes savings by encouraging a saving habit.
• Loan/Overdraft facility up to 95% of the deposit amount.
• Provision for nomination.

Terms & Conditions:

• Minimum amount required to open an account - Rs. 5000/-
• Subsequent deposits in multiples of - Rs. 100/-
• Deposit Tenure:
  • Minimum - 36 months.
  • Maximum - 60 months.
• Interest will be compounded quarterly and paid on maturity.
• On pre-matured withdrawal of your deposit amount, interest will be calculated at 1% below the rate applicable for the period of deposits.
• Documents required:
  • Passport size photograph
  • Proof of residence
  • An introduction as per MTS's norms