Dhanam Cumulative Deposit Certificate (DCDC)
Dhanam Cumulative Deposit Certificate (DCDC)
Dhanam Cumulative Deposit Certificate (DCDC) returns quarterly interest that is added onto the principal amount. Both the cumulative quarterly interests and the principal amount are paid on maturity of the deposit.
ApplyFeatures
- Minimum deposit of Rs. 100 or multiples thereof
- Deposit period between 6 and 60 months. Subsequent multiples at 3 month intervals are permitted
- Rate of interest as applicable to term deposits
- Minimum remittance of Rs. 500, amounts in excess rounded off to the nearest Rs. 100
- Upto 90% of the balance in the account can accessible as a loan
Terms
- The account can be opened by individuals, firms, corporate bodies, clubs, and associations
