Deposit Account

Recurring Deposit Account
Invest Today For Source Of Income For Tomorrow..

A small investment can lead to bigger tomorrow

Recurring deposit is a product to provide a person with the opportunity to build savings through regular monthly deposits of fixed sum over a period of time.

Features & Benefits

  • Invest in little sums every month
  • Rate of Interest as applicable for the period of deposit.
  • Monthly deposits Minimum Rs. 500, No Maximum.
  • Minimum period 12 months, Maximum period 60 months.
  • Premature withdrawal allowed.
  • Nomination facility.
  • Passbooks Issued.
  • Standing Instruction Facility
  • Loan facility against Recurring Deposit (Up to 75% of Deposit).

Eligibility

  • An Individual in his/ her name.
  • More than one person jointly
  • A Guardian on behalf of minor in the minor’s name

Charges

  • Penalty for delayed instalments (T&C Apply).
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