Recurring Deposit Scheme
Recurring Deposit Scheme |
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Instalment Frequency Monthly |
Deposit Tenure :Minimum - 12 months, Maximum - 120 Months |
Minimum opening amount of an account is Rs. 50/- |
Loan/overdraft facility is permitted up to 90% of outstanding balancess |
An additional interest @ 0.50 % for Senior Citizen |
Nomination facility will be available |
Minor can open RD Accounts |
An individual in his/her own name. |
More than one individual in joint name. |
On late deposit of instalment, penal charges applicable as per bank norms |