Puducherry Grama Bank

Variable Recurring Deposit

Product Details	Variable Recurring Deposit
Description	A recurring deposit scheme with the option of varying the monthly installments instead of a fixed monthly installment. The deposit matures at the end of the agreed period and Interest is compounded quarterly.
Features	a) All General public are eligible. b) Variable Recurring Deposit Account will earn higher interest based on the term of deposit. c) Opened for fixed period of time. d) Customer is given an option to vary his monthly installments according to his convenience in multiples of 100/- e) No restriction on number of times credit into account. f) Standing order facility available. g) Nomination facility available.
Interest Rate	Click here to view the Interest rate.
Other Conditions	Please visit nearest Branch

Period	Interest Rate – Upto Rs.1.00 Crore	Interest Rate – Above Rs.1.00 Crore and Upto 3.00 Crores
15- 29 days	4.50%	4.60%
30- 45 days	4.50%	4.60%
46- 90 days	5.25%	5.60%
91- 180 days	5.50%	5.70%
181- 270 days	6.25%	6.30%
271- 364 days	6.50%	6.60%
1 Year to less than 2 years	7.15%	7.30%
2 years to less than 3 years	7.30%	7.00%
3 years to less than 5 years	6.75%	6.50%
5 years and Above	6.70%	6.50%