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Star Recurring Deposits

Announcements

Notice of acquisition by First Capital Bank

Followup customer letter notifying acquisition by First Capital Bank

Customer letter notifying acquisition by First Capital Bank

Exchange Rates

Star Recurring Deposits

The Star Recurring Deposits is tailored for such customers who wish to contribute small amounts of deposit every month providing competitive interest rate and aiming for larger future funds. The monthly investment can be as low as P50. The key features of the product are:

Who can Open? Individuals, Group of Individuals, Proprietorship Firms, Partnership Firms, Limited Companies, Associations, Trusts, Societies, Corporate Entities, etc.
Account to be opened in (currencies) BWP
Minimum period of Deposit 6 Months
Maximum period of Deposit 36 Months
Minimum Deposit P50 per Month
Interest Rate(s) As per prevailingInterest rate
Calculation of Interest Interest on daily basis
Payment of Interest Upon maturity
Pre Mature Closure Interest 1% less than the applicable rate
Joint Account Operations Permitted
Provision for Marking Lien and sanction of loans against TDRs Yes
Delayed Instalment Charges P1 per P100