Recurring Deposits

To build up your savings BOk has introduced Recurring Savings Scheme where in monthly equated deposits over a fixed period of time yields higher returns.
  1. Kopila Bachat Yojana for minors
  2. Mero Bachat Yojana for young age group Feature
    • Flexible deposit facility.
    • Account for children below 16 years of age for Kopila Bachat and above 16 years for Mero Bachat.
    • No automatic closure.
    • Quarterly interest payment.
    • Loan up to 90% available against the total account balance.
    • Minimum balance in multiples of Rs. 1000 inside valley & multiples of Rs 500 outside valley.
    • Depending upon your requirement, savings plan for Recurring Saving Scheme can range form 2 to 10 years.
    Facilities
    • Gift For All customers for Kopila Bachat Yojana.
    • Insurance Benefit for Koplia Bachat Yojana
    • Loan may be allowed up to 90% of the outstanding deposit and minimum amount of the loan to be Rs. 10,000.
    • Interest rate of at least 2% above the rate of the deposit would be charged on such loans applicable on the checking account at quarterly basis.
    Documentation
    • For enrolling in Kopila Bachat Yojana, photo copy of Birth certificate of beneficiary is required. In absence of Birth Certificate you have you have to fill this form.
    Download Account Opening Form

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