GROW-8 DEPOSIT SCHEME
Salient Features of “Grow-8 Deposit Scheme”
Period of Deposit – 208 days
Loan Against Deposit Facility
Min. and Max. Amount
Premature Closure of Deposit
Applicable interest on LFD will be as below:
For Non-Bulk deposits (i.e. Below 15 Lakhs) ROI shall be 1.5% above the rate of interest offered to deposit.
For Bulk deposits (i.e. Rs.15 Lakhs and above) – ROI shall be 1% above the rate of interest offered to deposits.