A Money Multiplier scheme - Vikas Cash Certificate is a convenient and attractive reinvestment plan where interest earns interest every quarter to provide a tidy sum on maturity. An ideal and fast growing scheme for those with big future commitments in mind viz., children's education, daughter's marriage, house purchase etc.

Salient features of the scheme are:

• Minimum deposit Rs.1000/- and thereafter in multiples of Rs.100/-
  
  
• Period of deposit ranges from 6 months to 10 years in completed quarters.
  
  
• Interest compounded every quarter.
  
  
• Senior Citizens & Staff will be eligible for additional Rate of interest as per applicable norms.
  
• Premature withdrawal of the deposit is permitted any time on payment of the prescribed penalty.
  
  
• Loans upto a maximum of 95% of the balance 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.