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Last Updated on 03/07/2017
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.