Recurring Deposit

  • Individual in personal capacity can open.
  • Individuals in joint names can open.
  • A minor with natural guardian can open.
  • Application form necessary.
  • Rate of interest as applicable to F.D rates.
  • Minimum deposit amount Rs.100 and in multiples of Rs.100.
  • Minimum Period 6 months.
  • Loan and nomination facility.
  • Facility of pre-mature payment.
  • Monthly deposit of instalments.
  • Monthly instalments can be transferred from Savings Bank / Current Account.