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Is it possible to deposit cash? |
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No cash deposit is allowed. |
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What is the effect of interest rate in the deposit account? |
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The change in rate will not have any impact on your existing deposit. However, new rate will be effective for newly opened/renewed deposit accounts. |
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What are the service charges and fees applicable? |
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ULC does not charge any service fees for deposit related services. |
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Is it possible to renew the existing deposit account? |
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It is possible to renew the existing account as well as change the deposit scheme. The change will be effective with the current interest rate of that scheme. |
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How do I collect the monthly or quarterly interest? |
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You will be given post dated cheques (PDC) for the monthly or quarterly interest, which you can easily place at your bank at your convenience. |
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What is the maturity value of double money deposit account? |
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Your principal amount will double (or triple under Triple Money Deposit Scheme) at maturity. However, the applicable AIT will be deducted from the maturity value. |
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