KB FLEXI RECURRING DEPOSIT ACCOUNT
PRODUCT TO RECURRING DEPOSIT SCHEME WITH FLEXIBILITY OF STEP UP AND STEP-DOWN OPTIONS WITH MONTHLY INSTALMENT
| FLEXI RECURRING FIXED DEPOSIT | FEATURES |
| Interest application | Interest is compounded quarterly and paid on maturity Rate of interest applicable as Term deposit rate |
| Amount of deposit | Minimum monthly Core Amount is Rs. 100 & Maximum Rs. 10000 |
| Period of deposit | The period of deposit will be from 12 months to 60 months. |
| Eligibility | The Scheme is available to Individuals / Institutions / Corporate / Proprietorship / Partnership / Trust with comply KYC |
| Benefit | The Scheme offers flexibility of depositing monthly installment amount, by way of Step Up &Step-Down options No penalty will be levied on delayed installment |
| Others | Depositor can increase (Step Up) the monthly installment amountsup to 10 times the Core Amount during any month. The installment can also be deposited one or more times during a month, subject to maximum ceiling of 10 times Core Amount. After stepping up the installment amount, a customer can also reduce the same (Step Down), in any subsequent month/s, but the same should not be less than the Core amount |