Recurring Deposit Account

This account can be opened by any individual provided he/she has valid KYC documents. Primarily meant for poorer sections of society to encourage them to start recurring savings without any burden of charges or fees. (हे खाते कोणत्याही व्यक्तीद्वारे उघडले जाऊ शकते परंतु त्याच्याकडे वैध केवायसी कागदपत्रे असतील. मुख्यत:समाजातील गरीब घटकांना कोणत्याही शुल्काचा किंवा शुल्काचा बोजा न देता आवर्ती बचत करणे सुरू करण्यास प्रोत्साहित करणे.)

Features of Recurring Deposit Account

The minimum amount of deposits for open a recurring Deposit account is Rs. 100/-.
The money can be withdrawn by using a withdrawal slip in the concerned branches.
Recurring Deposit account is of continuing nature. There is no maximum period
A minimum amount of Rs. 100/- has to be kept on the saving account.
No loan facility is provided against the Recurring Deposit account.
Enable the depositor to earn high rate of Interest @ 7.00% p.a..