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For Any Query!Recurring
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 |
||
|---|---|---|
| Period | Rate | |
| Above 1 Year to 2 Year | 7.00 % | |
| Above 2 Year to 3 Year | 7.75 % | |
| Above 3 Year to 5 Year | 7.50 % | |
| Above 5 Year Upto 10 Years | 7.00 % | |
| 15 months (Special Deposit Scheme) | 7.75 % | |
Interest rate over and above normal rate
- For Single Deposit of Rs.1 Crore and Above (Bulk Deposit) for a period of 1 year & above additional rate of 0.25% will be applicable.
- As senior citizens are given additional 0.50% interest rate for a period of more than 1 year, the deposit of Rs.1 Crore and above will not get additional 0.25% interest.
Annual Report 2024-25
