"Hamara Ladla" Deposit Scheme

Invest in his dreams, secure his future with a specially designed deposit scheme for your beloved son.

Building His Foundation for Success

Harco Bank proudly presents the **"Hamara Ladla" Deposit Scheme**, a thoughtful initiative designed to build a strong financial foundation for your sons. This scheme offers both Fixed Deposit and Recurring Deposit options, providing excellent returns and flexibility to support his education, career, or future aspirations.

Created with the unique needs of minor boys in mind, the "Hamara Ladla" scheme features attractive interest rates and adaptable tenures, making it an ideal investment for parents and guardians. Give your son the financial head start he deserves to achieve his full potential.

Join us in empowering his journey and securing a prosperous path for his growth.

Key Benefits of "Hamara Ladla" Scheme

Son-Centric Design

A deposit scheme specially crafted to secure the financial future of boy children.

Attractive Interest Rate

Benefit from a competitive **7.10% p.a.** interest rate, compounded quarterly, maximizing his savings.

Flexible Deposit Options

Choose between **Fixed Deposit** for lump-sum investments or **Recurring Deposit** for monthly savings.

Education Loan Preference

Regular depositors receive **preference for education loans**, supporting his higher studies.

Secure & Reliable

Invest with confidence in Harco Bank, ensuring the safety and growth of his funds.

Long-Term Growth

Tenures up to 10 years help build a substantial corpus for his future milestones.

Current Interest Rate:

7.10% p.a.

Compounded quarterly

*Interest rate is subject to change from time to time and will be reviewed annually or earlier.

Scheme Details at a Glance

Sr. No.	Particulars	Fixed Deposit	Recurring Deposit
1	Eligibility	Minors (Boys only) under guardianship of natural/legal guardian having maximum age of 13 years.	Minors (Boys only) under guardianship of natural/legal guardian having maximum age of 13 years.
2	Tenure of Deposit	Minimum: 5 Years Maximum: 10 Years Note: The maximum age of the depositor at the time of maturity of such deposit can be upto 18 Years only.	Minimum: 1 Year Maximum: 10 Years Note: The maximum age of the depositor at the time of maturity of such deposit can be upto 18 Years only. The last installment of RD will be one month before attaining age of 18 Years.
3	Amount of Deposits	Minimum Rs.10,000/- thereafter, in multiples of Rs. 1,000/-. Maximum deposit accepted under the scheme shall be upto Rs.10.00 Lakh.	Minimum Rs.500/- per month thereafter, in multiples of Rs. 100/-.
4	Rate of Interest	7.10% p.a. compounded quarterly (subject to change from time to time to be reviewed annually or earlier.)	7.10% p.a. compounded quarterly (subject to change from time to time to be reviewed annually or earlier.)
5	Pre-mature Penalty	No penalty shall be levied if the premature withdrawal is done after expiry of 5 years Tenure. In case of pre-mature withdrawal before 5 years, the interest will be applicable as per card rates for the period the deposit remains with the bank and the penalty will be imposed as hitherto.	In case of pre-mature withdrawal, the interest will be applicable as per card rates for the period the deposit remains with the bank and the penalty will be imposed as hitherto.
6	Auto Renewal	The auto renewal is permitted but the maximum age of the depositor at the time of maturity of renewed FD can be upto 18 Years only. Thereafter, it may be re-invested in General FD Scheme.	Maturity amount can be re-invested in “Hamara Ladla Fixed Deposit” Scheme subject to fulfillment of terms & conditions.
7	Advances/Overdraft facility including Margin	85% of the corpus at 1% higher rate of interest.
8	Tax Deduction at Source	Applicable, as per extant guidelines of the Bank/RBI.
9	Nomination	Available, as per extant guidelines of the Bank.
10	Special Benefit	Preference for Education Loan will be given to those depositors whose account is regular during the entire tenure of scheme.