Surat Peoples Cooperative Bank Limited

Hii sir, I Wants to get the Information About the Recurring Deposit of the Surat Peoples Cooperative Bank Limited ?

[pawan]

The Surat People s Co-operative Bank Ltd was established in 1922 at Surat. Bank was registered on 10th March 1922 and started functioning from 21st April 1922.The Bank was first registered Urban Co-Operative Bank in India and became Scheduled Bank on 1st September, 1988.

As you Asking for the Information About the Recurring Deposit of the Surat Peoples Cooperative Bank Limited is given below

Recurring deposits are a type of banking investment very similar to cash certificates. One of the main differences is the deposit terms, which tend to be monthly instead of quarterly. A recurring deposit account may not be as flexible as a cash certificate deposit in terms of lending against the money.

Type of Deposit

SPB GENERAL RECURRING DEPOSIT ACCOUNT
FOR MIN.12 MONTHS AND MAX 120 MONTHS

MIN REQUIREMENT Rs.100/-

MINIMUM BAL IN A/C
MULTIPLES OF Rs.100/-
KYC COMPLIANCE IN FULL


Basic Features/Facilities

Nomination Facility (Individuals Only)

Penalty of rs. 1.50 for Rs. 100 per month for Late Payment


For more information you may Contact to the Nearest branch of the Surat Peoples Cooperative Bank Limited