- Invest little sums every month
- Facility of Standing Instruction through which the amount can be debited from your savings account.
- Attractive Interest Rates
- Scheme applicable for 12 months to 120 months
- Amount of instalment once fixed, cannot be changed.
- Recurring deposits are accepted in equal monthly instalments of minimum Rs.500/-
To open a recurring deposit account, you must:
- Individuals (singly or jointly)
- Minor by guardian
- Organisations
- Co-op. Societies.
Period |
Rate of Interest |
12 Months to 36 Months |
7.50% p.a |
37 Months to 60 Months |
6.50% p.a |
Above 60 Months |
6.25% p.a |