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Siranjeevi Recurring Deposit Account

  • Deposits can be made between 36 months and maximum 84 months in completed quarters
  • Anyone above 18 years age and below 60 years age can open a SRD Account
  • Reap Double Benefits - Life Insurance Cover along with Interest on Deposits
  • Hassle Free Scheme - No Medical Check-up required
  • Deposit can be opened with a minimum of Rs. 100 and in multiples of Rs. 100 subject to a maximum of Rs. 10,000
  • Life Insurance Cover is available up to a maximum of Rs. 10 Lakhs
  • For Accidental Death - Double Insurance Cover is available up to a maximum of Rs. 20 Lakhs
  • Insurance Premium is paid by bank itself, out of future accrued interest
  • Loans can be obtained against the deposit amount
  • No tax liability for Death Benefits (u/s 10D)
  • Tax Benefits for Premium Paid as per Income Tax Act