Re-Investment Deposit Scheme

Mandal Nagrik Sahkari Bank Ltd offers a Re-Investment Deposit Scheme designed for customers who wish to continue earning interest on their matured deposits without any interruption. This scheme is ideal for depositors looking to maximize their returns through the power of compounding.

Key Features:

♦ Automatic Renewal: Upon maturity, the principal and interest are automatically reinvested for the same period at the prevailing interest rate.

♦ Flexible Tenure: Customers can choose from various tenures based on their financial goals.

♦ Attractive Interest Rates: Enjoy competitive interest rates, higher than regular savings account returns.

♦ Convenient Management: No need to manually reinvest; the process is seamless and hassle-free.

♦ Loan Facility: In case of urgent financial needs, deposits under this scheme may be considered for loan against deposit facility.

Benefits:

♦ Ensures uninterrupted growth of your savings.

♦ Maximizes returns through compound interest.

♦ Provides a safe and secure investment option with guaranteed returns.

Eligibility:

♦ Individuals, joint account holders, and senior citizens are eligible to open a Re-Investment Deposit account.

How to Open:

♦ Visit your nearest Mandal Nagrik Sahkari Bank Ltd branch or contact our customer service for guidance.

Make your savings work harder with our Re-Investment Deposit Scheme!