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Recurring Deposits
“Save in dribbles - receive a lump sum.” Suitable for Tax planning, Annual payment commitments like Insurance premium, long-term requirements like purchase of consumer articles/ durables, house construction, children's education etc.
Salient Features

    • Minimum deposit amount is Rs. 100/- or multiples thereof with no.  Ceiling for the maximum deposit amount.

    • Deposit period ranges from 12 months to 120 months, Monthly installments will be repaid on maturity along with the accrued interest.

    • Individual Deposit/ Joint Deposit / Deposit in the name of Minors can be made.

    • Loan facility/ Nomination facility available.

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