Recurring Deposit
Save small amounts monthly to build a large corpus
About Recurring Deposit
Turn small monthly savings into a large sum
Any one can invest in small amounts every month and see the drop become an ocean. Through this account you can invest small amounts of money every month and end up with a large amount on maturity.
Bank also allows you facility to give standing instructions by which the amount is debited from your account every month.
Key Features
Small Investment
Start with just Rs. 100/- monthly
No Maximum Limit
Invest as much as you want
Auto Debit
Standing instructions available
FD Interest Rates
Same rates as Term Deposit
Flexible Tenure
1 year to maximum 5 years
Nomination
Facility available for this account
How It Works
Open Account
Open a Recurring Deposit account with minimum Rs. 100/- monthly deposit
Choose Tenure
Select your preferred tenure from 1 to 5 years
Monthly Deposits
Deposit fixed amount every month or opt for auto-debit facility
Maturity Benefit
Receive your accumulated amount with interest on maturity
Benefits
Disciplined Savings
Develop the habit of regular monthly savings
Build Wealth
Small monthly deposits grow into a substantial amount
Automated Deposits
Set up standing instructions for hassle-free monthly deposits
Attractive Returns
Earn interest rates same as Fixed Deposits
Secure Investment
Safe and secure way to build your savings
Start Your Recurring Deposit Today!
For details/queries, contact your nearest branch.
Other Deposit Schemes
Calculate Returns
Monthly deposit of Rs. 5,000/- for 5 years @ 7% interest