Your Path To Higher Growth
All You Need to Know About Pune Peoples Bank Reinvestment Deposit
Reinvestment Deposit - FEATURES
A Reinvestment Deposit is a great way to let your money work harder for you! Similar to a fixed deposit, this plan offers higher returns by compounding the interest amount, which is paid out along with the principal only at maturity. It is an excellent option for maximizing your savings with the power of compounding.
Benefits
- Higher earning potential through compounding.
- Flexible deposit terms to suit your needs.
- Special benefits for bulk and women depositors.
- Extra Interest rates for Women Depositors.
ELIGIBILITY CRITERIA
- Individuals And Non Individuals
- Companies and Corporates.
- Trusts, Societies, and Associations, Social Groups.
INTEREST RATES AND CHARGES
Interest Rates for Deposits w.e.f 05-06-2024
| Sr. | Deposit Type | Period | Rate |
|---|---|---|---|
| 1 | Short Term | 31 Days to 90 Days | 4.00% |
| 2 | Short Term | 91 Days to 180 Days | 4.75% |
| 3 | Short Term | 181 Days to 364 Days | 5.50% |
| 4 | Fixed / Cumulative | 12 Months to 24 Months | 7.50% |
| 5 | Fixed / Cumulative | 25 Months to 36 Months | 7.55% |
| 6 | Fixed / Cumulative | 37 Months to 60 Months | 7.60% |
| 7 | Fixed / Cumulative | Above 60 months to 120 Months | 7.65% |
For Senior Citizens Special Interest Rates
| Sr. | Description | Rate |
|---|---|---|
| 1 | Deposits of Senior Citizens (Card Rate + 0.50 ) | 0.50% Extra |
| 2 | Additional Interest Rate on Deposit above Rs. 50 Lakhs for the Period above 12 Months | 0.50% Extra |
| 3 | Additional Interest for Women Depositors for Deposit amount Rs. 2.00 and above for the period of 15 Months & above | 0.10% Extra |
Bulk Deposits
- Deposits above ₹15 lakhs are classified as Bulk Deposits, offering customized interest rates for higher returns.
- Additional interest rates are available for deposits exceeding ₹50 lakhs for periods longer than 12 months.
REQUIRED DOCUMENTS
Proof of Identity (PoI) And Proof of Address (PoA) :
- Passport
- Voter ID card
- Permanent Account Number (PAN) Card
- Aadhaar Card
Residence Proof :
- Utility bills (electricity, telephone, water, gas) not older than two months
- Property or Municipal tax receipts
Photograph:
- Two passport size photocopy
Documents required for KYC may vary from time to time as per the prevalent regulatory guidelines as well as Bank's internal policy.
All Deposit is covered under DICGC coverage. Click here
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