A fixed amount is to be deposited monthly in the RD account. It is a deposit payable after a fixed period
 
Features
 
  Depositing a fixed amount per month
 
  Period of deposit is minimum 1 Year & maximum up to 10 years
 
  Repayment with interest on maturity date
 
  Loan can be granted on the accumulated deposit amount
 
  Standing instructions through saving bank account available
 
RATE OF INTEREST ON RECURRING DEPOSIT
(EFFECTED FROM 01-04-2015)
PERIOD
Rate
Above 1 Year to 2 Year
8.50 %
Above 2 Year to 3 Year
9.00 %
Above 3 Year to 5 Year 8.25 %
Above 5 Year Upto 10yrs
8.00 %
 
 
   
   
 
 
Interest rate over and above normal rate
For Senior Citizen (Age more than 60 years) 0.50% additional interest rate than the above normal rate for one year and above period.
 
 
 
 
   
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