Deposit Account

Sulabh Deposit Account
Invest The Extra Money For The Extra Money..

A Sulabh Deposit account combines the features of both fixed and saving deposits. This makes it more convenient and flexible as the account holders can get the liquidity which they get in a savings account and get the rate of interest higher than the saving account.


This type of deposit is good for the account holders who want to invest the funds for short period, the deposit will be auto renewed once the deposit period expires. The saving account is linked with the sulabh account, giving the flexibility to withdraw /deposit funds as per requirement. On completion of 30days Interest for the deposit amount lot is transferred to the linked saving account.

Features and Benefits

  • Rate of Interest currently at 4% p.m.
  • Deposit/ Withdrawal in multiples of Rs 1000.
  • Passbook Issued.
  • Nomination Facility.
  • Automatic renewal of deposit amount on period expiry.
  • Premature Withdrawal allowed.

Eligibility

  • An Individual in his / her name
  • More than one person jointly
  • A Guardian on behalf of minor in the minor’s name
  • Club / Association / Trust.

Documentation

  • Application Form
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