Recurring deposit

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Recurring deposit

Features & Benefits
  • NO TDS.
  • Loan facility is available Upto 80% of deposit amount.
  • Nomination facility is available.
  • Account can be transferred from one branch to another branch.
Eligibility :
  • An Individual, firm, partner & company, can open recurring deposit account.
  • Even a minor can open Recurring deposit account with us.
  • It is ideal for Doctors, Engineers, Businessmen, students, household women etc.
Amount of Deposit :
  • Monthly installment with a minimum Rs.50/- and in multiples of Rs.10/- thereafter.
Period of Deposit :
  • Minimum 6 months to maximum 120 months.
Mode of Payment
  • By deposit of cash
  • By transfer from SB, CA account by issuing S.I.
Interest Rates & Charges
  • Attractive rate of interest paid on deposit as decided by the bank from time to time on maturity patterns.
  • Penalty for late payment of monthly installments.

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