Personal Banking

Last Updated on: 08/06/2023

Reinvestment Deposit

What is a Reinvestment Deposit Plan?

A Reinvestment Deposit Plan basically allows you to reinvest the interest earned on your deposit.

Target Group

Individuals, Traders, Self - employed persons, salaried persons

Features of Reinvestment Deposit Plan (RDP)

    ✔ The interest on your deposit also earns interest.

    ✔ You can avail loans of upto 90% on the principal and also on the interest accrued.

    ✔ You can close your deposit prematurely without any difficulty.

Minimum deposit amount

Rs.1000 and multiples of Rs.100/-

Period of Deposit

6 months to 120 months

Payment of Interest

Quarterly compounding and paid at the time of maturity.

Rate of Interest

Click here for Interest rates