Shangri-la Kramik Mudatti Khata

Shangri-la Kramik Muddati Khata is a Recurring Fixed Deposit Account targeted for individual customers in which if an individual deposits a certain fixed amount for a period of 36 Months, then such individual customer will be eligible to get the lump sum amount equivalent to 41 months.
Interest rates on balances
Min. balance

0 rs


Who are eligible
Age

ANY

Effective from 2081 Bhadra 1

Institutional

Period

Interest Rate (Quarterly/ Maturity)

 6 Months to below 1 Year

5.00%

1 Year and above

6.00%

Features

  • Interest will be calculated on daily basis and shall be posted monthly
  • Eligible for Natural individuals of all age groups
  • Tenure of 6 Months
  • Applicable interest rate on Loan Against Fixed Deposit shal be as per the latest piblished interest rate

PRODUCT TERMS AND CONDITIONS

* Terms & Conditions Apply

  • Interest in the account shall be compounded on monthly basis and applicable taxes shall be levied.
  • At maturity the final payment shall be made after deduction of applicable taxes.
  • Availability of Loan against Fixed Deposit up to 80% of the Compounded value of the Fixed Deposit at the time of loan request.
  • Applicable Interest Rate on Loan against Fixed Deposit shall be Coupon Rate plus 3.00% or Base Rate plus 3.00% whichever is higher.
  • Premature shall not be allowed in this Fixed Deposit Product. However, on exceptional circumstances premature shall be allowed by charging the standard charges as mentioned in our STC.
*Condition applied

Everything you will need to Open an SHANGRI-LA KRAMIK MUDATTI KHATA

Ready to open SHANGRI-LA KRAMIK MUDATTI KHATA

The Process

  • Apply online

    Check that you’re eligible and what you need, then apply online.

  • Upload your documents

    Check that you’re eligible and what you need, then apply online.

  • Wait for approval

    Check that you’re eligible and what you need, then apply online.

  • Congratulations your account is open.

    Check that you’re eligible and what you need, then apply online.
  • Visit nearest branch for further processing 
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