The scheme is aimed at encouraging financial independence among customers, particularly members of Self Help Groups (SHGs), youth by providing customers a simple, regular and disciplined route to accumulate approximately ₹1.00 lakh over a fixed period.
Eligibility: The scheme shall be available to:
- Individual customers, in single or joint names.
- Minors ages 10 years and above can open a single account.
- Minors under 10 years can open account through their parents/natural guardians, subject to applicable Bank rules.
- Partnership firms, Proprietorship firms/ Trusts/ Clubs/ societies, etc.
Salient Features: The scheme shall be available wef 18.09.2026 with below mentioned features:
Nature: Recurring Deposit
Target Maturity: ₹1 lakh (approximately)
Tenure: One year, Two year, Three year, Four year, Five year
Rate of Interest: Prevailing Interest rates on Term deposits at the time of account opening shall be applicable with quarterly compounding, as applicable to JKGB RD scheme).
Monthly Instalment: Based on changes in Interest rates on Term deposits w.e.f 18.09.2026, monthly instalment for different Time periods has been mentioned hereunder for illustrative purpose:
For General customers:
| Monthly Deposit Amount | Period |
| 8050 |
12 |
| 3890 |
24 |
| 2510 |
36 |
| 1820 |
48 |
| 1400 |
60 |
For Senior Citizens:
| Monthly Deposit Amount | Period |
| 8030 |
12 |
| 3870 |
24 |
| 2490 |
36 |
| 1800 |
48 |
| 1390 |
60 |
For Super Senior Citizens:
| Monthly Deposit Amount | Period |
| 8020 |
12 |
| 3860 |
24 |
| 2480 |
36 |
| 1790 |
48 |
| 1380 |
60 |
For Staff Members:
| Monthly Deposit Amount | Period |
| 8010 |
12 |
| 3850 |
24 |
| 2470 |
36 |
| 1780 |
48 |
| 1370 |
60 |
For Senior Citizen Staff:
| Monthly Deposit Amount | Period |
| 7980 |
12 |
| 3830 |
24 |
| 2450 |
36 |
| 1760 |
48 |
| 1350 |
60 |
For Super Senior Citizen Staff:
| Monthly Deposit Amount | Period |
| 7970 |
12 |
| 3820 |
24 |
| 2440 |
36 |
| 1750 |
48 |
| 1340 |
60 |
Further, in case of change in rate of interests on Term deposits, the Monthly Deposit Amount under different maturities shall change accordingly.
Interest Payment: on maturity
Nomination: available, as per Nomination Policy of the Bank.
Loan Against Deposit: available, as per Loan against deposit scheme of the bank.
Premature Closure: as per Bank's prevailing guidelines.
KYC: as per prevailing KYC/AML norms.
TDS: TDS shall be deducted as per applicable rates.