Recurring Deposit

Recurring Deposit

INTEREST RATE : 10% per annum

Recurring Deposit is a special kind of Term Deposit offered by our company which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account.
Please contact branch for more details
Features & Benefits

  • Minimum amount of deposits for open a Recurring deposit account is Rs.500/-
  • The period of deposit is minimum 1 year and maximum five years.
  • The most attractive rate of interest of 10.00% p.a .
  • The Recurring deposit account is an account in the bank where an investor deposits a fixed amount of money every month for a fixed tenure.
  • Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate.
  • Recurring deposit scheme is meant for investors who want to deposit a fixed amount every month, in order to get a lump sum after some years.
  • Recurring Deposit schemes allow customers with an opportunity to build up their savings through regular monthly deposits of fixed sum over a fixed period of time.
  • Providing the loan facility .The loan can be given upto 90% of the amount standing the credit of the account holder
  • For premature settlement, 2% less than the contratced rate will be applicable.
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