FY18-1Q CONCALL TRANSCRIPT

Personal Recurring Deposit

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CUB offers recurring deposits for individuals

  • Monthly deposits of minimum Rs.100/- and in multiples of Rs.100/-
  • Minimum period of deposit - 12 months and Maximum period - 120 months
  • TDS at prevalent Income tax rate is deducted
  • Preclosure facility available
  • Loan against deposit available
  • Click here for Interest rate
  • Documents required

CUB Apoorva
CUB offers Life Insurance linked Recurring deposits

  • Dual benefit in monthly savings
  • Resident indiividual -single and joint accounts
  • Age eligibility : 18 to 55 years
  • Monthly deposits of minimum Rs.100/- to a maximum of Rs. 10,000/-
  • Minimum period of deposit is 3 years and a maximum period is 5 years
  • Rs.3.84 per thousand will be collected as annual premium from the accumalated installments as prescribed by LIC
  • Enjoy insurance cover up to a maximum of Rs.5.00 Lakhs till maturity of the deposit account
  • Premium collected is eligible for Income Tax exemption
  • Preclosure facility available
  • Loan against deposit available
  • Nomination facility available
  • Click here for Interest rate
  • Documents required