Recurring Deposit
Recurring Deposit
Invest and save in small amounts and meet your home travel and personal expenses by opening a recurring deposit
account with us.
Key Features
- Deposit is accepted in fixed monthly installments
- Flexible tenure with minimum period of 12 months and maximum up to 120 months.
- Interest to be compounded on quarterly basis
- Facility of standing instructions is available
- Nomination facility
- Higher ROI for Senior Citizens
- Loans or Overdraft facility available against deposit up to 90%
- Deposit insured by the DICGC
- Premature withdrawal allowed with penalty of 0.50 %
Requirements
- KYC Documents as per RBI guidelines
Eligibility
- Individual (single/joint), Minor by guardian, Organizations
ROI
Duration
General
Senior Citizen
12 months to 24 months
5.75
6.25
Above 24 months and up to 36 months
5.75
6.25
Above 36 months and up to 60 months
5.75
6.25
Above 60 months and up to 120 months
5.75
6.25
