[nilesh]

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Hi I would like to have the information as well as the details of the Quarterly/Monthly Income Certificate offered by Bank of India?

[Vishal Kotkar]

Moneys invested into this sort of deposit (Quarterly/Monthly Income Certificate) give settled month to month pay by method for enthusiasm to the investor for a predetermined period leaving the store sum in place. The Quarterly/month to month intrigue will be credited to the investment funds or current record and month to month premium might be credited in repeating store record of the investor as per the guidelines.

KYC (Know Your Customer) for opening record is material for these records additionally thus confirmation of living arrangement and verification of ID will be required alongside late photo of the investor/s

Types of Accounts
The accounts may be opened in the names of :

Individual — Single Accounts
Two or more individuals — Joint Accounts
Sole Proprietory Concerns
Partnership Firms
Illiterate Persons
Blind Persons
Minors
Limited Companies
Associations, Clubs, Societies, etc.
Trusts
Joint Hindu Families (accounts of non-trading nature only)
Municipalities
Government and Quasi-Government Bodies
Panchayats
Religious Institutions
Educational Institutions (including Universities)
Charitable Institutions

Amount to be Invested

Least sum that might be acknowledged for the plan should be Rs.10,000/ - in Metro and Urban Branches and Rs.5000/ - at Rural and Semi urban Branches for senior subjects the base sum will be Rs 5000/ -

Least Amount criteria won't be material to Subsidy kept under GOVT Sponsored Schemes, Margin Money, sincere cash and court connected/requested stores