Build your savings through regular monthly deposits with high interest rate schemes
Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time. The minimum period of a recurring deposit is six months and the maximum is ten years.
The Recurring Deposit account may be opened either offline by visiting a bank where you have a savings account or by logging on the bank's net banking. For opening the RD in the post office, one has to visit the nearest post office. After logging on with your Internet banking username and password, you can open an RD account online.
This is an ideal way to do savings and plan for future needs. The best way to save a fixed sum every month for a fixed period and get a lump sum amount on maturity, along with interest rate payable for a term deposit.
Are you part of a registered women self help group?
We offer you a flexible recurring deposit scheme with high interest rates. Invest your monthly savings and watch your money grow
Are you a college going student?
We offer you a flexible recurring deposit scheme with high interest rates. Invest your monthly savings and build up habit of saving