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Open Recurring Deposit Account

A reliable monthly investment tool to plan for your future financial needs.

All you need to know

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Period of Deposit Minimum 1 year and maximum 10 years
Interest Payment Method Quarterly Compounded Interest payable on maturity
Maximum Amount of Deposit No Limit
Minimum Amount of Deposit Rs. 100/- per month
Pledging of Deposit Allowed
Premature Withdrawal Allowed. However, interest shall be paid at the rate applicable for the period for which the deposit remained with the bank or at the contracted rate whichever is less and such payable interest rate shall also be subject to penalty at 1%.
Additional Interest Rate for Senior Citizen Applicable
Eligible Depositors All depositors
Deposit Insurance
The Deposit Insurance System in India is subject to the Provisions of Deposit Insurance Act (enacted in 1961). Deposit Insurance and Credit Guarantee Corporation (Wholly owned subsidiary of the Reserve Bank of India) is the body that operates the deposit insurance system.

To download more information click the following link : DICGC
(Website : www.dicgc.org.in )

For opening a Recurring Deposit, please download the below listed form and submit it to your nearest branch.

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