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THE ARUNACHAL PRADESH STATE CO-OPERATIVE APEX BANK LTD

Sponsored By Goverment Of Arunachal Pradesh
Head Office: NAHARLAGUN, ARUNACHAL PRADESH, 791110 INDIA

IFSC CODE: YESB0ARCB01 (0 = ZERO) ATM COMPLAINING FORM EMI CALCULATOR C-PEC, BIRD Registration CD Ratio Calculator

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THE ARUNACHAL PRADESH STATE CO-OPERATIVE APEX BANK LTD

Sponsored By Goverment Of Arunachal Pradesh

Head Office: NAHARLAGUN, ARUNACHAL PRADESH, 791110 INDIA

IFSC CODE: YESB0ARCB01 (0 = ZERO) ATM COMPLAINING FORM EMI CALCULATOR C-PEC, BIRD Registration CD Ratio Calculator

Go Digital India

Today Is Thu, 21st Nov, 2024

Bank Is Implementing Govt Sponsored Schemes Only Like CMPVY, DEDS, NRLM, CMFMP, SHG, WCC and Cooperative Societies Bank Is Now Digitalisation, CBS, NEFT, RTGS, DBT Bank is also Implementing Social Security Schemes Like PMJDY, PMJJBY, PMSBY, APY etc Bank Has ATM, Micro ATM, Mobile Van ATM, ATM Cards for normal debit cards and PMJDY, Rupay ATM cards PFMS Is LIVE Deposit Of Govt. Departments QR CODE is enabled Bank do not ask for ATM Pin No or OTP, Please do not provide any information to any calls

SAVING ACCOUNT CURRENT ACCOUNT RECURRING DEPOSIT FIXED DEPOSIT DAILY DEPOSIT ACCOUNT INTEREST RATES

RECURRING DEPOSIT ACCOUNT

A recurring deposit is a special kind of term deposit offered by banks which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. RD offers you a fixed interest on the invested amount at a specific frequency till the pre-determined term or up on maturity. At the end of the term, the amount upon maturity(which is your invested capital) along with remaining or accumulated interest is paid.


Benefits under Recurring Deposit Account

a. Recurring Deposit schemes aim to inculcate a regular habit of saving among the public.

b. Premature and mid term withdrawals are not allowed. However, the bank may allow to close the account before the maturity period, sometimes with a penalty for premature withdrawal.

c. RD offers the additional benefit of taking loan against the deposit, i.e., by using the deposit as a collateral. About 80 to 90% of the deposit value can be given as loan to the account holder.

d. The Recurring Deposit can be funded periodically through Standing Instructions which are the instructions given by the customer to the bank to credit the Recurring Deposit account every month from his/her Savings or Current account.

e. The term periods are divided into three categories:

1. Short-Term Tenure: A short-term tenure usually lasts from 6 months to a year.

2. Medium-Term Tenure: A medium-term tenure usually lasts from more than a year to 5 years.

3. Long-Term Tenure: A long-term tenure lasts from more than 5 years to 10 years.

How to Close RD Account

f. A Recurring Deposit (RD) can be closed easily through by visit our nearest home Apex Bank branch and submit a request for closure of your recurring deposit account.

INTEREST RATE APPLICABLE TO TERM DEPOSIT
LOAN AGAINST DEPOSIT FACILITY YES
NOMINATION FACILITY YES
ACCOUNT TRANSFER YES

For More Information Please Visit Apex Bank Nearest Branch

BRANCH ACCOUNT OPENING FORM
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Contact Us
The Arunachal Pradesh State Cooperative Apex Bank Ltd.
C/O: Managing Director
Head Office : Naharlagun
D-Sector, Apex Bank Building, Near Hathi Matha
Arunachal Pradesh - 791110
Phone No.
Email:- md@arunachalapexbank.com
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OFFICIAL PARTNER OF DEPARTMENT OF TOURISM GOVERNMENT OF ARUNACHAL PRADESH

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18001236230
18005327444