Recurring Deposit

Overview

Save in dribbles - receive a lump sum. Recurring deposit scheme, customer have to make deposits of a fixed amount each month for a fixed tenure.

The invested amount will be repaid to the customer after maturity with accrued interest.

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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