Union bank of India DRIC

I am searching for the application for of Union Bank of India Deposit Re Investment Certificate? Will you please tell me from where I can download its Deposit Re Investment Certificate application form? Also tell me about this application form cost?

[Arun Vats]

Deposit Re-Investment Certificate

ELIGIBILITY
Any Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Visually Impaired persons, Purdanasheen Ladies, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI eligible to open a "DRIC Account" in single/joint name/s.

SALIENT FEATURES
This is an ideal scheme for investing a lump sum amount where interest is compounded quarterly and paid along with the principal amount invested.
Deposits can be accepted for any period from 6 months to 120 months.
Minimum amount of deposit will be Rs.100/- in Rural/Semi-urban centers and Rs.500/- in Urban/Metro centers.

Interest at applicable rate for the period for which the deposit is kept, is automatically reinvested at quarterly intervals.
As the Interest is compounded, the amount invested multiplies and matures into an attractive lump sum, thus doubling over a period of time. (Please check with the nearest branch for the latest table available on maturity values).
Provision for nomination.:- Nomination facilities are available

Senior Citizen are offered additional interest of 0.50% for term deposits placed for 1 year & above period on term deposits of less than 1 crores. For rate of interest of term deposits for Rs.1 crores and above, please contact the nearest branch of our Bank.

Application Form:




Union Bank Deposit Re-Investment Certificate interest rates

All interest rates mentioned here are for the amount of less than Rs. 1 crore

Tenure in days Rate of Interest
31 - 120 days 5.60% - 6.75%
121 - 180 days 7.00% - 7.60%
181 - less than 1 year 7.60%
1 year 7.75%
1 year - 3 years 7.70%
3 years - 10 year 7.50%