Recurring Deposit
Earn Attractive Interest Rates of Up to 8.00%
- Small savings go a long way! It’s always the right time to start.
- Attractive Rates on Recurring Deposits.
- Start investing from 100 per month.
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Unique Benefits of Recurring Deposit
Higher Interest Rates
Earn Attractive Interest Rates of Up to 8.00%
Build Your Investment
Start investing from 100 per month
Plan for Future
Save through fixed monthly deposit with flexible tenure
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FAQ’s
What is the minimum amount and maximum amount monthly for an RD?
Minimum 100/- Maximum 150,000/-
What is the minimum and maximum tenure to set up an RD?
Minimum – 3 months Maximum 10 years
Can I book RD in monthly / quarterly / half yearly mode?
No, only monthly payment mode is acceptable
What the interest paid if I Pre-close the RD?
The interest rate applicable for the covered period, along with penalty of 1% will be applied
Can I close the RD through Internet Banking?
The facility is not made available right now
Can I set up an RD for my minor kid?
Yes
Can I give instructions to credit the maturity amount of my minor kid, to my account?
Yes, the instalments of RD should also be paid from the same account
Can I create a standalone RD a/c?
No, we require Savings / Current account for paying RD instalments.
Can I set up a RD to debit my joint a/c?
Yes, the mode of operation of RD will be similar to the joint account
Should the amount be constant?
Yes, we cannot have differential instalments
Is the RD entitled for TDS?
Yes, RD is subject to TDS
How is the interest paid - Monthly / Quarterly or yearly?
Interest of RD is Quarterly compounded, paid at maturity
What is the maximum number of RD's that I can create from my Savings a/c.
There is no limit.
When will my RD mature?
On the 30th Day, from the last installment day.
What are the dates I can opt for RD payments?
5th, 10th, 15th, 20th & 25th
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