Regular recurring

Regular Recurring Deposits

While the feeling of receiving your salary at the end of every month is rewarding, what is more rewarding is to be able to save a part of that every month for a more prosperous future.

A recurring deposit is a type of deposit that allows you to set aside some portion of your earnings every month. In other words, this type of deposit let you deposit a fixed sum every month, which accumulates to a more significant saving at the end of the term while fetching a slightly higher rate of interest along with it.

Select the basic deposit amount you are comfortable with, along with a flexible tenure. You can then take a leap of faith into a recurring deposit without worrying about discontinuity

Features

  • Minimum Fixed Deposit amount ranges from ₹ 100 and in multiples of
    ₹ 100 thereof
  • The tenure can range from 6 months to 10 years
  • The Fixed Deposit Interest rate is calculated quarterly and paid at maturity only
  • Premature closure facility allowed
  • Can be opened at centre meetings
    (up to ₹ 5,000), branch, mobile banking, and internet banking
  • Customers can fund the recurring deposits across any branch irrespective of whether he/she has an account with that branch
  • Senior Citizens can avail of highest FD interest rates, i.e. an additional. 0.50% p.a.

To view interest Rates Click here.

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Maximize your savings! Earn up to 9.00%* p.a. on our Fixed Deposits!

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Earn 9.00%* p.a. on our RDs