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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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