| IB Swarna Nidhi RD/IB Swarna Nidhi VRD |
| Interest Application |
| Revaluation of House Property | Quarterly |
| Interest Application |
| Revaluation of House Property | Quarterly |
| Salient Features | A recurring deposit with the option to purchase Gold coin of Indian Bank for the maturity value
|
| Min Amt | Minimum Rs.500/- in multiples of Rs.100/-
for VRD Maximum Rs.10 lakhs in a month |
| Min Period | Minimum 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. |
