Recurring Deposit Scheme

Recurring Deposit Scheme
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