Eligibility	All individuals either singly or jointly.
Minimum amount of deposit:	Rs. 250/- and in multiples of Rs. 50 or Rs. 100 per month
Period of deposit:	Deposits are accepted for a minimum period of 12 months and maximum of 24 months
Payment of installments:	Installment for any calendar month must be paid on or before the last working day of that month. Installments may also be paid through all CBS branches
Maturity Payment:	The depositors will get gold coins worth the maturity amount on the date of maturity. After adjusting for the cost of gold coins, balance, if any, will be paid to the depositor. Even if the payment of installment is discontinued, gold coin will be given only if the maturity value is equal to or more than the price of 2 gms of gold coin provided deposit is kept till the maturity date originally contracted. The price of gold coins will be the price prevailing as on the date of maturity of RD. If the maturity amount is less than the price of 2 gms coin, gold coin will not be given and the maturity proceeds will be paid to the customers.
Concession:	Concession of Rs. 25 per gram on the gold price prevailing as on the date of maturity.
Add on facility:	Personal Accident cover up to Rs.1 Lakh free of cost.
For further details, please contact your nearest IOB branch

Updated up to 14.10.08