- 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 24 Months |
6.75% p.a |
| 25 Months to 36 Months |
7.25% p.a |
| 37 Months to 60 Months |
6.25% p.a |
| Above 60 Months |
6.00% p.a |
