BMB Flexi RD

Eligibility

  • Can be opened individually, jointly, by a minor U/G, In the names of clubs, associations, eligible institutions.
  • Can open more than one recurring deposit account.

Features

  • Investment term:- Min. 1 Year and Max. 10 Years
  • The depositor to choose the core monthly installment and the period. The minimum amount of core monthly installment Rs.100/- or higher in multiples of Rs.100/- with a maximum of Rs.1,00,000/- per month.
  • Flexibility of depositing monthly installment amount, by way of Step Up & Step Down options.
  • Can remit up to 10 times of the Core amount in monthly installment once in a month.

Interest

  • As applicable to FDR.

Benefits

  • No penalty if installment is paid on or before the last day of the respective month.
  • At the discretion of the bank, a loan not exceeding 85% of the amount deposited may be allowed to the depositor. The minimum loan amount is Rs.5000/-.
  • *T & C Apply.

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