PGB Special Recurring Deposit Scheme



Salient Features


i.EligibiltyAccount can be opened by all Govt, Pvt Institutions, PSUs, Corporate Bodies etc.(In the Name of the Institution with mini of 10 employees or 75% eligible employee whichever is less.


ii.Amount of Deposit: Minimum deposit of Rs 10/- or Multiples of Re1/- thereof.


iii. Period of Deposit: From 6 months to 120 months


iv. Rate of Interest: As applicable subject to revision from time to time


v. Loan/Advances: With prior permission or sanction from the employer.


vi. Tax exemption: No income tax shall be deducted.


vii. Penalty Clause: No penalty on missed instalments.


viii. Nomination Facility: Available




For more detail, please contact to our nearest branch.