Recurring Deposit

Small savings go a long way! It’s always the right time to start. Attractive Rates on Recurring Deposits

Unique Benefits
High Interest Rate
Earn Attractive Interest Rates of Upto 7%
High Interest Rate
Earn Attractive Interest Rates of Upto 7%
Build Your Investment
Start investing from ₹ 500 per month
Build Your Investment
Start investing from ₹ 500 per month
Plan for Future
Save through fixed monthly deposit with flexible tenure
Plan for Future
Save through fixed monthly deposit with flexible tenure
High Interest Rate
Earn Attractive Interest Rates of Upto 7%
High Interest Rate
Earn Attractive Interest Rates of Upto 7%
Build Your Investment
Start investing from ₹ 500 per month
Build Your Investment
Start investing from ₹ 500 per month
Plan for Future
Save through fixed monthly deposit with flexible tenure
Plan for Future
Save through fixed monthly deposit with flexible tenure
Check Interest Rate
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Have any Questions?
What is the minimum amount and maximum amount monthly for an RD?

Minimum ₹ 500/- Maximum ₹ 150,000/-

What is the minimum and maximum tenure to set up an RD?

Minimum - 6 months Maximum 5 years

Do we offer special rate of Senior Citizen & Staff?

Currently we offer RD for general category, no differential rates for Senior Citizen & Staff.

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