What is a Reinvestment Deposit Plan?
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A Reinvestment Deposit Plan basically allows you to reinvest the interest earned on your deposit.
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Target Group
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Individuals, Traders, Self - employed persons, salaried persons
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Features of Reinvestment Deposit Plan (RDP)
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✔ 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.
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Minimum deposit amount
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Rs.1000 and multiples of Rs.100/-
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Period of Deposit
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6 months to 120 months
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Payment of Interest
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Quarterly compounding and paid at the time of maturity.
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Rate of Interest
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Click here for Interest rates
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