Products > Accounts & Deposits > Recurring Deposit

RECURRING DEPOSITS

Our Bank offers Recurring Deposit which enables a depositor particularly in fixed income group to save by paying into the account an agreed fixed sum of money on monthly basis for a stipulated period and to earn compound interest on quarterly basis.

Deposit Features & Advantages:

•    Good option to earn more in compound interest

•    Can be funded by debiting savings/current accounts through standing instructions

•    Rate of interest is more than normal savings account

•    Higher rate of interest for senior citizens

•    Availability of pre-maturity

•    TDS is applicable for the deposit

•    Generally Higher rate of interest than other Banks in the market

•    Senior Citizens are offered additional interest.