Recurring Deposit

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  • Recurring Deposit

► Meant for those who wish to save a fixed amount every month and obtain a lump sum with accrued interest at the end of the deposit period.

► Interest as prescribed by the Bank for various periods and paid along with principal amount.

► Period of deposit ranges from 12 months to 120 months.

► Monthly instalment accepted is a minimum of Rs. 100 or in multiples of Rs. 100 every month to be fixed at the time of opening the account.

► Standing instruction accepted.

► Nomination facility available for individuals.