RECURRING DEPOSIT ACCOUNT:

Ideal saving scheme for salaried investors

Significant Features:

	-- Any individual can open Recurring Deposit Account
	-- Maximum 3 names are allowed in a joint account
	-- Minimum amount of monthly Installment is Rs. 100/-
	-- Recurring Deposit Account is Accepted for Minors too.
	-- Nomination facility is available
	-- Irregularity in the deposition of installment attracts penalty
	-- Deposit installment on any day of the month
	-- Get desired amount on maturity by selecting installment amount

Requisites for opening an account:

	-- Duly filled Account Opening form
	-- 2 Photographs of each signatory
	-- Photocopy of Pan Card or Duly filled Form 60
	-- Aadhar Card

In case of submission of Form 60, any one of the following five Officially Valid Documents is required –

	(i)    Passport 						
	(ii)   Driving License
	(iii)  Election Card
	(iv)  NAREGA Job Card issued by the State Govt.
	(v)   Letter with Name & Address issued by National Population Register
	
	Current Rate of Interest
	
Deposit periodRate of Interest
12 Months6.50%
24 Months6.50%
36 Months6.50%
60 Months6.50%
* In case of any discrepancy, Interest rate card available with Branch Manager shall prevail * Rates quoted are subject to change without notice.