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Recurring

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 –

• Passport                                                                     
• Driving License
• Election Card
• NAREGA Job Card issued by the State Govt.
• Letter with Name & Address issued by National Population Register

Current Rate Of Interest For Recurring Account :

• In case of any discrepancy, Interest rate card available with Branch Manager shall prevail
• Rates quoted are subject to change without notice.