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| What is a Cumulative Benefit Deposit Scheme? |
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| The Cumulative Benefit Deposit Scheme combines the benefits of the R.D. and R.D.P. Your savings are accumulated in the form of R.D. and reinvested after the desired period in R.D.P. |
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| Can I apply for a Cumulative Benefit Deposit Scheme? |
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Salaried persons |
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Housewives |
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Students |
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Small savers |
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Professionals & Self-employed |
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| What are the features of a Cumulative Benefit Deposit Scheme? |
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| The Cumulative Benefit Deposit Scheme has various customer-convenient features. |
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It combines the benefits of both the Recurring Deposit and the Reinvestment Deposit |
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You can invest any amount, anytime |
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You can choose from a combination of four plans… |
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Plan I - R.D. for 1 year and R.D.P. for 4 years
Plan II - R.D. for 2 years and R.D.P. for 3 years
Plan III - R.D. for 3 years and R.D.P. for 2 years
Plan IV - R.D. for 4 years and R.D.P. for 1 year |
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You can avail loans up to 85% of investment and accrued interest |
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You can close your deposit prematurely |
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You don't have to pay any penal interest if the R.D. account is closed after the 1st stage |
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| What is the minimum amount I can deposit? |
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The minimum deposit is Rs. 100/-. Higher deposits should be in multiples of Rs. 5/-.
While all efforts have been made to update the information, constituents are requested to contact the branches for latest details.
The Cumulative Benefit Deposit Scheme has various customer-convenient features.The minimum deposit is Rs. 100/-. Higher deposits should be in multiples of Rs. 5/-.While all efforts have been made to update the information, constituents are requested to contact the branches for latest details. |
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