Flexible Recurring Deposit Account

Enjoy the facilities of a recurring deposit along with the flexibility of varying monthly instalments and a higher yield.

Key Benefits

1. Regularises savings by encouraging a saving habit.
   
   
2. Loan/Overdraft facility up to 90% of the deposit amount.
   
   
3. Provision for nomination.

Terms & Conditions

1. Amount of core instalment - Rs.100/- (which can be increased in multiples of Rs. 100/-).
   
   
2. Monthly deposit amount can be increased only up to 3 times of the core instalment subject to maximum of Rs. 10000/- per month.
   
   
3. Deposit Tenure:
   
   

• # Minimum - 12 months.
• # Maximum - 120 months.
  
  4. On pre-matured withdrawal of your deposit amount, interest will be calculated at 1% below the rate applicable for the period of deposits
  
  

• 5. Documents required:
  
  
  • # As per Annex-I.
  • # IT Declaration (Form 60/61)
• 6. Nomination facility available.

7. KYC Norms.