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   home > Deposits > IB Swarna Nidhi RD/IB Swarna Nidhi VRD
IB Swarna Nidhi RD/IB Swarna Nidhi VRD
Interest ApplicationQuarterly
Salient FeaturesA recurring deposit with the option to purchase Gold coin of Indian Bank for the maturity value
Min AmtMinimum Rs.500/- in multiples of Rs.100/-
for VRD Maximum Rs.10 lakhs in a month
Min PeriodMinimum period is 6 months,
Maximum period is 24 months
Other Requirements/Details Discount on the gold coins to be purchased from the proceeds at Rs.25/- per gram. Maturity value of Rs.12000/- or more additional incentive of free personal accidental insurance of Rs.1 lakh by issuing IB Chatra Policy of the Bank.
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