{"id":245547,"date":"2023-01-10T15:00:31","date_gmt":"2023-01-10T09:30:31","guid":{"rendered":"https:\/\/suco.bank.in\/?page_id=245547"},"modified":"2023-01-10T15:01:33","modified_gmt":"2023-01-10T09:31:33","slug":"grow-8-deposit-scheme","status":"publish","type":"page","link":"https:\/\/suco.bank.in\/kn\/grow-8-deposit-scheme\/","title":{"rendered":"GROW-8 DEPOSIT SCHEME"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Hero&#8221; _builder_version=&#8221;4.17.3&#8243; use_background_color_gradient=&#8221;on&#8221; background_color_gradient_stops=&#8221;rgba(9,31,77,0.28) 0%|rgba(234,50,54,0.39) 100%&#8221; background_color_gradient_overlays_image=&#8221;on&#8221; background_color_gradient_start=&#8221;rgba(9,31,77,0.28)&#8221; background_color_gradient_end=&#8221;rgba(234,50,54,0.39)&#8221; background_image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2023\/01\/Vachan-Clients-300-\u00d7-300-px-1920-\u00d7-608-px-510-\u00d7-288-px-12.jpg&#8221; custom_padding=&#8221;|0px|120px|0px|false|false&#8221; bottom_divider_style=&#8221;asymmetric3&#8243; bottom_divider_color=&#8221;#ffffff&#8221; hover_enabled=&#8221;0&#8243; da_disable_devices=&#8221;off|off|off&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; title_text=&#8221;Vachan Clients (300 \u00d7 300 px) (1920 \u00d7 608 px) (510 \u00d7 288 px) (12)&#8221; sticky_enabled=&#8221;0&#8243; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.17.3&#8243; text_font=&#8221;||||||||&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;2em&#8221; header_font=&#8221;||||||||&#8221; header_font_size=&#8221;40px&#8221; header_line_height=&#8221;1.4em&#8221; background_layout=&#8221;dark&#8221; max_width=&#8221;600px&#8221; custom_margin=&#8221;||30px|&#8221; custom_margin_last_edited=&#8221;off|desktop&#8221; hover_enabled=&#8221;0&#8243; header_font_size_tablet=&#8221;30px&#8221; header_font_size_phone=&#8221;24px&#8221; header_font_size_last_edited=&#8221;on|desktop&#8221; global_colors_info=&#8221;{}&#8221; header_text_shadow_style=&#8221;preset3&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h1>GROW-8 DEPOSIT SCHEME<\/h1>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;#loan-details&#8221; button_text=&#8221;view services&#8221; _builder_version=&#8221;4.16&#8243; custom_button=&#8221;on&#8221; button_text_size=&#8221;14px&#8221; button_text_color=&#8221;#ffffff&#8221; button_bg_color=&#8221;#003bde&#8221; button_border_width=&#8221;0px&#8221; button_border_radius=&#8221;4px&#8221; button_letter_spacing=&#8221;1px&#8221; button_font=&#8221;|||on|||||&#8221; background_layout=&#8221;dark&#8221; custom_margin=&#8221;|||&#8221; custom_padding=&#8221;16px|40px|16px|40px|true|true&#8221; button_border_radius_hover=&#8221;4px&#8221; button_letter_spacing_hover=&#8221;1px&#8221; button_bg_color_hover=&#8221;#0053ef&#8221; global_colors_info=&#8221;{}&#8221; button_text_size__hover_enabled=&#8221;off&#8221; button_one_text_size__hover_enabled=&#8221;off&#8221; button_two_text_size__hover_enabled=&#8221;off&#8221; button_text_color__hover_enabled=&#8221;off&#8221; button_one_text_color__hover_enabled=&#8221;off&#8221; button_two_text_color__hover_enabled=&#8221;off&#8221; button_border_width__hover_enabled=&#8221;off&#8221; button_one_border_width__hover_enabled=&#8221;off&#8221; button_two_border_width__hover_enabled=&#8221;off&#8221; button_border_color__hover_enabled=&#8221;off&#8221; button_one_border_color__hover_enabled=&#8221;off&#8221; button_two_border_color__hover_enabled=&#8221;off&#8221; button_border_radius__hover_enabled=&#8221;on&#8221; button_border_radius__hover=&#8221;4px&#8221; button_one_border_radius__hover_enabled=&#8221;off&#8221; button_two_border_radius__hover_enabled=&#8221;off&#8221; button_letter_spacing__hover_enabled=&#8221;on&#8221; button_letter_spacing__hover=&#8221;1px&#8221; button_one_letter_spacing__hover_enabled=&#8221;off&#8221; button_two_letter_spacing__hover_enabled=&#8221;off&#8221; button_bg_color__hover_enabled=&#8221;on&#8221; button_bg_color__hover=&#8221;#0053ef&#8221; button_one_bg_color__hover_enabled=&#8221;off&#8221; button_two_bg_color__hover_enabled=&#8221;off&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||10px||false|false&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2023\/01\/Vachan-Clients-300-\u00d7-300-px-1920-\u00d7-608-px-510-\u00d7-288-px-13.jpg&#8221; title_text=&#8221;Vachan Clients (300 \u00d7 300 px) (1920 \u00d7 608 px) (510 \u00d7 288 px) (13)&#8221; _builder_version=&#8221;4.17.3&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_css_main_element=&#8221;margin:auto;&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.17.3&#8243; text_font=&#8221;||||||||&#8221; text_line_height=&#8221;2em&#8221; header_2_font=&#8221;Poppins|600|||||||&#8221; header_2_font_size=&#8221;30px&#8221; header_2_line_height=&#8221;1.2em&#8221; max_width=&#8221;700px&#8221; module_alignment=&#8221;left&#8221; header_2_font_size_tablet=&#8221;24px&#8221; header_2_font_size_phone=&#8221;18px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>GROW-8 DEPOSIT SCHEME<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.3&#8243; text_font=&#8221;||||||||&#8221; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;2em&#8221; header_font=&#8221;Poppins|600|||||||&#8221; header_font_size=&#8221;40px&#8221; header_line_height=&#8221;1.3em&#8221; text_font_size_tablet=&#8221;16px&#8221; text_font_size_phone=&#8221;14px&#8221; text_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]With an 8% Rate of Interest, it is subject to review from time to time by the Bank with simple interest. The scheme will cater for the needs of customers for a shorter period.[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;Features&#8221; module_id=&#8221;loan-details&#8221; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;0px||0px||true|false&#8221; da_disable_devices=&#8221;off|off|off&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.17.3&#8243; text_font=&#8221;||||||||&#8221; header_font_size=&#8221;40px&#8221; header_line_height=&#8221;1.3em&#8221; header_2_font=&#8221;Poppins|600|||||||&#8221; header_2_font_size=&#8221;32px&#8221; header_2_line_height=&#8221;1.6em&#8221; module_alignment=&#8221;center&#8221; header_2_font_size_tablet=&#8221;24px&#8221; header_2_font_size_phone=&#8221;18px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Salient Features of \u201cGrow-8 Deposit Scheme\u201d<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.17.3&#8243; text_font=&#8221;||||||||&#8221; header_font_size=&#8221;40px&#8221; header_line_height=&#8221;1.3em&#8221; header_2_font=&#8221;Poppins|600|||||||&#8221; header_2_font_size=&#8221;32px&#8221; header_2_line_height=&#8221;1.6em&#8221; module_alignment=&#8221;center&#8221; header_2_font_size_tablet=&#8221;24px&#8221; header_2_font_size_phone=&#8221;18px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>Period of Deposit \u2013 208 days<\/h3>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.17.3&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_blurb title=&#8221;Interest Pay-out &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Margin-Gold-Loan-GL.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]Interest will be paid on the maturity of the deposit along with the principal.[\/et_pb_blurb][et_pb_blurb title=&#8221;Auto-Renewal &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Insurance-of-stock-GL.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]Auto-Renewal option can be selected while opening the FD account to automatically renew the latest applicable ROI.[\/et_pb_blurb][et_pb_blurb title=&#8221;Loan Against Deposit Facility &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Prequisite-Conditions-GL.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]A Loan of up to 75% against the deposited amount can be opted. (Loan amount above 75% must be approved by Credit Department\/Managing Director)[\/et_pb_blurb][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.17.3&#8243; custom_padding=&#8221;|||&#8221; custom_css_main_element=&#8221;margin:auto;&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_blurb title=&#8221;Min. and Max. Amount &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Storing-of-Goods-GL.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;1100px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]The Minimum amount required to open the FD scheme is Rs.5000 and multiples of 5000 without any Max. Deposit limit.[\/et_pb_blurb][et_pb_blurb title=&#8221;Premature Closure of Deposit &#8221; image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/Period-of-loan.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]There is no premature closure of the deposit for this product.[\/et_pb_blurb][et_pb_blurb image=&#8221;https:\/\/suco.bank.in\/wp-content\/uploads\/2021\/10\/sanctioning-authority.png&#8221; icon_placement=&#8221;left&#8221; content_max_width=&#8221;400px&#8221; content_max_width_tablet=&#8221;550px&#8221; content_max_width_last_edited=&#8221;off|desktop&#8221; _builder_version=&#8221;4.17.3&#8243; header_font=&#8221;Poppins|600||on|||||&#8221; header_font_size=&#8221;12px&#8221; header_letter_spacing=&#8221;1px&#8221; header_line_height=&#8221;1.6em&#8221; body_font=&#8221;||||||||&#8221; body_line_height=&#8221;2em&#8221; background_color=&#8221;#ffffff&#8221; custom_padding=&#8221;30px|20px|30px|20px|true|true&#8221; border_radii=&#8221;on|8px|8px|8px|8px&#8221; box_shadow_style=&#8221;preset1&#8243; box_shadow_vertical=&#8221;10px&#8221; box_shadow_blur=&#8221;60px&#8221; box_shadow_color=&#8221;rgba(39,39,52,0.06)&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Applicable interest on LFD will be as below:<\/p>\n<p><strong>For Non-Bulk deposits<\/strong> (i.e. Below 15 Lakhs) ROI shall be 1.5% above the rate of interest offered to deposit.<\/p>\n<p><strong>For Bulk deposits<\/strong> (i.e. Rs.15 Lakhs and above) \u2013 ROI shall be 1% above the rate of interest offered to deposits.<\/p>\n<p>[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GROW-8 DEPOSIT SCHEMEGROW-8 DEPOSIT SCHEMEWith an 8% Rate of Interest, it is subject to review from time to time by the Bank with simple interest. The scheme will cater for the needs of customers for a shorter period.Salient Features of \u201cGrow-8 Deposit Scheme\u201dPeriod of Deposit \u2013 208 daysInterest will be paid on the maturity of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"class_list":["post-245547","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/245547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/comments?post=245547"}],"version-history":[{"count":3,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/245547\/revisions"}],"predecessor-version":[{"id":245554,"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/pages\/245547\/revisions\/245554"}],"wp:attachment":[{"href":"https:\/\/suco.bank.in\/kn\/wp-json\/wp\/v2\/media?parent=245547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}