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Last Updated on 24/03/2017
Reinvestment Deposit

What is a Reinvestment Deposit Plan? 

A Reinvestment Deposit Plan basically allows you to reinvest the interest earned on your deposit.

Can I apply for a Reinvestment Deposit Plan?
If you would like to retain your deposits and accumulate it with interest, you can apply for a Reinvestment Deposit Plan. You could use these deposits to meet any expenditure in the future... children's education, marriage etc. 

What are the features of a Reinvestment Deposit Plan?
1. The interest on your deposit also earns interest. 
2. You can avail loans of upto 90% on the principal and also on the interest accrued.
3.You can close your deposit prematurely without any difficulty. 

What is the minimum amount I can deposit?
The minimum deposit amount is Rs. 1,000/-. Initially deposits should be made only in multiples of Rs. 100/-. Renewals can be made in any amount. 
While all efforts have been made to update the information, constituents are requested to contact the branches for latest details. The minimum deposit amount is Rs. 1,000/-. Initially deposits should be made only in multiples of Rs. 100/-. Renewals can be made in any amount.While all efforts have been made to update the information, constituents are requested to contact the branches for latest details.