Trust us and watch your savings grow.

At SKNSBL, flexibility is a key concern. We offer flexible growth options for your savings. Just by keeping a certain amount of money aside every month, you can see a huge growth in the value of your money over time.

Don’t wait start investing now!!

PRODUCT FEATURES

• Minimum Installment amount is Rs. 100/- p.m. (thereafter in multiples of Rs. 10/-) and there are no limits on the maximum amount.
• No Standing Instructions Charges.
• No interest is payable if account is closed before 30 days from account opening.
• Only 3% penalty is to be levied on applicable rate of interest on prematurity.
• No auto renewal in this scheme after maturity. Maturity amount will be credited in the SB/CA Account of the depositor in absence of any other instructions.

RULES & REGULATIONS

• Depositor has to fulfill KYC norms as per RBI directive.
• Guardian can open Minor's Recurring A/c. When minor turn major there after providing valid age proof he/she can withdraw the amount with his/her signature.
• Every Depositor must have to deposit their installments till date of opening a/c or last installment date of every month.
• If two or more installment are paid late then the maturity date will be extend to that period.
• If customer want to close the 12 months period deposit account before its mature period then the interest will be applicable as per Savings Interest Rate.
• If Customer Deposit more installment than required for prescribe period then Interest will not be applicable on extra installment he/she deposited.
• Customers have to produce Passbook at the time of depositing installment and payment.
• If customer having Savings or Current a/c in the Bank then by the written application Bank will transfer Recurring Deposit installments from that account as standing instruction.
• The Bank is having rights of appropriation, set off, lien and change the rules and regulation for the scheme.

REQUIREMENT

• Valid Photo I.D. & Address Proof of proprietor / partners /directors

(A) Any one of proof for all partners/ directors or proprietor (Photo Id)
1.Passport,
2.Driving License,
3.Voter ID Card,
4.Unique ID Card
5.PAN Card

(B) Address Proof(Any One)
1.Passport,
2.Driving License,
3.Voter ID Card,
4.Unique ID Card

• Passport Size Photograph – 2 Copies
• Pan Card
• Birth Certificate for minor a/c.

To know more visit your nearest branch.

• Interest Rates