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MIDS

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MIDS

(Monthly Interest Deposit Scheme)

Eligibility

  • The Account can be opened in the name of an individual, minor, joint depositors, firms, corporate, clubs etc.

Amount of Deposit

  • Enjoy fast and easy banking through savings bank account , Your hard earned money is safe and secure in this account

Period of Deposit

  • Period of deposit would range from a minimum period of 12 months to maximum period of 120 months.

Other benefits

  • Int. would be credited as per instructions of depositor to his SB, CA, RD a/c etc.
  • Loan facility is available Upto 90% of the deposit.
  • Nomination facility is available.

Rate of Interest

  • Attractive Rate of interest as decided by Bank from time to time on maturity patterns.
  • The monthly interest is calculated at discounted value.

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