Samriddhi Eight Times Fixed Deposit Scheme:
In this competitive market to be visible and to attract customers we have design a single product with maximum benefit and retention from market. This product is fixed deposit in nature. The target customer for this product is to attract Senior Citizen, Retired Employee, person interested in long term investment, parents who want to create fund on behalf of their children for future education etc.
Features and Criteria
Product Name: SFCL EIGHT-TIME DEPOSIT
Minimum Balance: RS 50,000.00
Maturity Period: 18 years 11 months
Interest Rate: As Published by Management From time to time
SMS Banking: Free
ABBS: Free ABBS Charge
Balance Certificate: 50% discount on issue of balance certificate
Interest calculation: Interest calculation on daily basis and posting in Monthly.
Withdrawal: No withdrawal is allowed from this account till the maturity period.
Nature of Deposit: Fixed Deposit.
Loan facility: Up to 90% of deposit balance and the loan amount shall not be less than Rs 50,000.00.
Income Tax: Tax on interest shall be levied as per prevailing Income Tax Act at the time of posting of interest.