Are you someone with a monthly income who wants to secure your financial future? UBGB’s GRAMIN SWA-SHAKTI FLEXI RECURRING DEPOSIT Scheme is tailored just for you. Let’s explore this unique offering without diving into complicated financial terms.
Special Feature
- This scheme is designed for individuals with monthly incomes.
- What sets it apart is the flexibility it offers in monthly deposits.
Interest Rates
- Interest rates are subject to change as per the prevailing deposit rates.
Core Instalment
- You can deposit up to a maximum of ₹1 lakh (or multiples thereof) every month.
Deposit Tenure
- You have the freedom to choose a deposit period ranging from 6 months to 120 months.
Types of Deposits
- You can make deposits in cash or opt for free transfers from any branch.
Taxation
- No TDS (Tax Deducted at Source) is applicable.
Loan Facility
- Avail a loan against your deposit with an attractive interest rate of 90%.
Penalties
- There are no penalties for late payments or premature closure before maturity.
Nomination
- Nomination facility is available for single accounts, but not for minor accounts.
Application and Documentation
- You can apply by using the bank’s prescribed form.
- Required documents include a copy of your PAN card, photographs of account holders and authorized signatories (two each), proof of identity, and address as per KYC norms.
UBGB’s GRAMIN SWA-SHAKTI FLEXI RECURRING DEPOSIT Scheme empowers you to build your wealth systematically, with flexible monthly deposits and attractive interest rates. Secure your financial future with UBGB today!