Recurring Deposit

Salient Features

1. Saving money by depositing monthly installment
2. Account can be opened for a minimum period of 12 months to a maximum of 120 months
3. Nomination facility is available
4. TDS Applicable
5. Passbook will be provided to the customer
6. Loan / Overdraft facility available up to 90% of the deposit plus accrued interest thereon

Eligibility

Any Individual or Group of Individuals, Firms, Corporates / Clubs / Societies / Trusts / Institutions etc.