Recurring Deposit Account

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.