An ideal scheme of monthly savings for salaried people,businessmen,professionals etc.Small amounts saved every month for a long period come in handy to meet large financial commitments in the future.

Salient features of the scheme are:

• Minimum deposit is Rs.100/-per month.



• Period of deposit ranges from 12 months to 10 years.



• Delayed payment of instalments are accepted with nominal penalty.



• Monthly minimum balance in the account earns compound interest every quarter.



• No tax is deducted from the interest on the deposit.



• Loans up to maximum of 95% of the deposit amount available depending on the length of the unexpired period of the deposit.



• Nomination facility available.



• The rates of interest are as fixed by the Bank from time to time.