The Monthly Income Plan is tailored for those individuals who regularly need money to supplement their income i.e. each month. Interest earned on your deposit becomes another source of income.
| Key Benefits |
 Provides you the comfort of liquidity along with a security of your money being in safe hands.
An additional 0.50% interest for senior citizens (applicable only for deposits of Rs. 10000/- and above)
Provision for nomination. |
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| Terms & Conditions |
Deposit account can be opened with minimum amount of Rs. 1,000/- and subsequent deposits in multiples of Rs.100/-.
Deposit Tenure:
Minimum - 12 months.
Maximum - 120 months.
Interest will be paid on monthly basis at discounted rate.
On pre-matured withdrawal of your deposits, interest will be calculated at 1% below the rate applicable for the period of deposits.
Interest payments are subject to TDS (Tax Deducted at Source).
Documents required:
Passport size photograph
Proof of residence
An Introduction as per bank's norms.
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| To know the current interest rates Click here. |
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| For further details, please contact Baroda Rajasthan Gramin Bank Branch nearest to you. |
