Our VRD product designed with flexibility to suit your personal requirements and to achieve your future goals. You can save a little every month to build up the desired corpus.
Eligibility
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- New/Existing account with SGB
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Interest Rate
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- Please refer to Deposit Interest Rates Page
- Quarterly compounding interest
- Interest rate applicable as Domestic Term Deposits under respective tenors
- Interest will be paid on the minimum balance between 10th and last day of the month
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Salient Features
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- Customer is given an option to vary his monthly installments according to his convenience in multiples of 25/-
- No restriction on number of times credit into account and monthly installment subject to max of 10 lakhs in a calendar month
- No penal interest for delayed payment of installments
- Loan, Nomination and foreclosure facilities available as per extant guidelines
- TDS at prevalent rate is deducted at source if FORM 15G/ 15H not submitted
- Standing orders facility available and to do hassle free monthly installments
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Term
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- Minimum : 12 Months
- Maximum : 3 Years
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Min/Max Amount
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- Minimum Amount : 25
- Maximum Amount : No Limit
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How to open an account ?
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- Please visit your nearest branch, duly fill and submit the opening form and required KYC documents (Officially Valid Documents)
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