Shangrila Development Bank brings recurring FD product with minimum deposit of Rs 500; bank commits to keep the interest rate constant for 36 months with benefits of 42 months
Shangrila Development Bank has launched its new recurring FD account under which the depositors need to make deposit for 36 months and receive the benefit of 42 months.
Customers can make recurring deposits with minimum of Rs 500 where the bank will ensure to keep the interest rate unchanged for the entire 36 months of deposit.
The bank currently has 91 branches and 26 ATM terminals under its network, as per the media statement.
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