RUD BANK Kisan Nidhi Bond
 
Specification

RUD BANK Kisan Nidhi Bond is Term Deposit Product where in depositor gets three times of his/her deposit amount in a specification time period.

Eligibility
  • An Individual in his/her own name.
  • Jointly by more than one Individuals.
  • In the name of Trusts, Associations, Educational Institutions, Partnership Firms, Companies and any other Institutions, which are eligible to open a term Deposit account, as per Co-Operative Society Rules.
Minimum Deposit Amount
  • Rs. 10000/- and further in multiple of Rs. 1000/-
Maturity Value
  • On Due Date Rs. 10000/- shall accumulate into Rs. 20000/-
Duration
  • 70 Months
Premature Payment
  • Not Available up to 3 Years.
  • Interest Rate Applicable on withdrawal after 1 years as per Co-Operative Society Terms & Conditions
Nomination Facility
  • Nomination Facility Available.
Loan Facility
  • Not Available upto 1 Years.
  • Maximum of 60% against deposit amount 1 year.
  • Interest rate shall be applicable as per Co-Operative Society Terms & Conditions
 
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