Target Customer

For customized monthly installment requirement such as Gratuity Fund management

Eligible amount for Monthly Installment

Any amount


3 months

6 months

1 Year

3 Year

5 Year

7 Year

10 Year

Interest Rate

9.25% per annum (additional 0.5% can be provided after obtaining approval from concern authority)

Lump sum Deposit (at any time) 

Through counter 

Interest Calculation


Interest Capitalization Cycle

Quarterly (Interest shall be credited to respective Nominee Account)

Other Charge

Applicable Charge as per STC

Premature withdrawal

Waiver on Pre maturity of RD in case of

contract expiry/resignation of employees if the period of the RD has crossed 50% of the total duration. 

Other Feature

  • Employees nominee Call/Current/Saving account (As the case may be) shall be opened to place standing instruction for monthly gratuity fund lransfer to RD account.
  • In case the customer has existing saving account, either call or current account shall be opened soley for the purpose of management of Gratuity fund. Such account shall be opened on aggrement with the organization and shall remain non-operative.

Loan Overdraft

Up to 90% of total amount.

Overdraft Interest Rate

Masik Nichhep Khata interest rate plus 2% or BR + up to 3% whichever is higher.