Bulk Deposit Scheme
Kanakamahalakshmi Bank’s Bulk Deposit Scheme makes sure you receive attractive interest rates on your investment.
| Minimum Deposit | Tenure (PERIOD) | INTEREST ON DEPOSIT |
| Rs. 15 LAKHS | 1 YEAR | 9.00% |
Eligibility Criteria
Who Can Deposit:
Individuals (singly or jointly), Minor by a natural guardian, Organizations, Co-op. Societies, Registered Trust, Institutions and Associations.
Maximum Amount of Deposit: No Limit
NOTE :
Premature Withdrawal are not allowed in Bulk Deposit Scheme
Deposit Insurance Deposit Insurance on Deposits up to Rs. 5 Lakh is Applicable through DICGC, India.
The Deposit Insurance System in India is subject to the Provisions of Deposit Insurance Act (enacted in 1961). Deposit Insurance and Credit Guarantee Corporation (Wholly owned subsidiary of the Reserve Bank of India) is the body that operates the deposit insurance system.
Useful Links
News
2nd Annivesary
December 19, 2024
Sowkaryam
December 19, 2024
Opening of Akkayyapalem
December 19, 2024