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IB Swarna Nidhi RD/IB Swarna Nidhi VRD
Interest Application
Revaluation of House PropertyQuarterly
Interest Application
Revaluation of House PropertyQuarterly
Salient FeaturesA recurring deposit with the option to purchase Gold coin of Indian Bank for the maturity value
Min AmtMinimum Rs.500/- in multiples of Rs.100/-
for VRD Maximum Rs.10 lakhs in a month
Min PeriodMinimum period is 6 months,
Maximum period is 24 months
Other Requirements/Details Discount on the gold coins to be purchased from the proceeds at Rs.25/- per gram. Maturity value of Rs.12000/- or more additional incentive of free personal accidental insurance of Rs.1 lakh by issuing IB Chatra Policy of the Bank.

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