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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 :

12 Months 6.00%
24 Months 6.00%
36 Months 6.00%
60 Months 7.00%
  • In case of any discrepancy, Interest rate card available with Branch Manager shall prevail
  • Rates quoted are subject to change without notice.

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