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.