Recurring Deposit

Recurring deposit(RD) means a fixed amount is invested on monthly basis for fixed period for a fixed maturity value.

Recurring deposit are accepted for minimum tenure 12 months to 60 months, minimum deposit is Rs. 100/- per month

Facilities offered:–

Standing Instruction is available, Penalty shall be applicable in case delay in payment of installment or preclosure.
Deposits upto 5 Lac are insured with DICGC.