Kumari Bank launches recurring FD product with returns as high as 100 times the deposit amount

Kumari Bank has launched a Recurring FD account where customers can get their deposits multiplied by 100 times within the shortest possible duration.

As per the scheme, customers can begin their saving from a minimum of Rs 10 thousand to Rs 10 lakh as seed investment which will be increased by 10% in each installment of deposit. Customers after making successful deposits will have their deposits increased by 5 times in 2 years 8 months and 3 days, 10 times in 5 years 1 month and 11 days, 15 times in 7 years and 5 days, 20 times in 8 years 6 months and 27 days, 50 times in 14 years 6 months and 17 days and 100 times in 19 years 9 months and 16 days.

The bank currently has 198 branches, 195 ATM outlets, 53 branchless banking units and 24 extension counters serving its customers.