KBL Recurring Deposit Scheme
KBL Recurring Deposit Scheme is a deposit product where customers can deposit a specific amount of fund on regular basis for predetermined time period or open ended terms (in case of Institutions’ Provident Funds Deposit scheme). The product is specifically designed to meet individual customers with regular basis for specific term period. The product could also cater the financial services requirements for PF handling. The attraction for the individual customers (accountholders) will be the better interest rate on deposited amount and financial services for planned and force savings. The bank could benefit sourcing stable deposit stream at the competitive price, which will be low cost fund than that of fixed term deposits.
Term: 2 years to 5 years