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Deposit Premium Scheme (DPS) (Probriddhi)

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Deposit Premium Scheme is a deposit product where you can make an initial deposit at the beginning along with fixed monthly installment deposits.

Features & Benefits:

  • A person having a sound mind can open the scheme singly or jointly or in the name of institution.
  • The account holder can avail credit facility up to maximum 90% of the deposit amount against lien on the balance amount of the respective account at 2.00% higher than the deposit scheme rate after completion of 1(One) year.
  • Premature encashment may be allowed only after expiry of minimum 3 (three) months. In such cases, interest will be calculated at least 2.00% less than the prescribed rate, which will be applicable for the period completed.
  • The interest is payable subject to deduction of excise duty, withholding tax etc. as imposed by the government from time to time.
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