Recurring Deposit Account

Highlights

  • Annual rate of Interest is 6% – 8% per annum.
  • Weekly/Monthly Recurring Deposit account can be opened.
  • Rs. 100 is the minimum recurring amount.
  • No limit for maximum recurring amount.
  • Any number of recurring deposit accounts can be opened by one person.
  • Loan facility can be availed in case of emergency.
  • Nomination facility available. Children can be nominee too.
  • In case of death of the depositor, Principal plus interest due will be paid to the nominee/ heir.
  • Ideal for meeting future needs e.g. Marriage, Children Education, Purchase of Vehicle, etc.