Recurring Deposit

Recurring Deposit is a scheme drawn specially to suit the needs of the individuals, particularly the salaried class, small traders etc., to plan their savings to meet specific demands. Recurring Deposit account can be opened with a monthly instalment of mere Rs. 100 or in multiples thereof, for a period of 12 months and in multiples of 3 months up to a maximum of 120 months. The depositor will get the instalment amount along with the interest on the due date. Facilities for Loan, foreclosure, nomination are available.

Area of operation

The product is available at all branches of the Bank.