Recurring Deposit

Recurring Deposit
Eligibility
Salaried individual, small trader, housewife, student or a rural saver
Customers having a limited or stipulated income and require a large amount of money but can only save small amounts every month
 
Features
Interest is compounded every quarter
Variable deposit periods ranging from 6 months to 120 months
Loans available up to 90% on the principal and also on the interest accrued
Deposit can be closed prematurely without any difficulty

Interest Rate


As Applicable for Term Deposits

Minimum amount of deposit


The minimum deposit is Rs. 50/- per month in multiples of Rs. 5/-.

While all efforts have been made to update the information, constituents are requested to contact the branches for latest details.



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