RECURRING DEPOSIT

recurring deposit is a special kind of term deposit offered by us which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. It is similar to making fixed deposits of a certain amount in monthly installments. This deposit matures on a specific date in the future along with all the deposits made every month. Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time. The minimum period of a recurring deposit is six months and the maximum is ten years.

S.N. Scheme Name Monthly Deposit Deposit Amount Maturity Amount Tenure Interest Rate
1 Name 0000 0000 0000 N/A N/A