Recurring
A fixed amount is to be deposited monthly in the RD account. It is a deposit payable after a fixed period. Rates same as Fixed Deposits. Senior Citizens additional 0.5% .
Features :
- > Depositing a fixed amount per month
- > Period of deposit is minimum 1 Year & maximum up to 10 years
- > Repayment with interest on maturity date
- > Loan can be granted on the accumulated deposit amount
- > Standing instructions through saving bank account available
| INTEREST RATES ON RECURRING DEPOSITS (W.E.F. 01.02.2023) | |
|---|---|
| PERIOD | RATES |
| 1 YEAR TO 2 YEARS | 6.75% |
| 2 YEARS TO 3 YEARS | 7.00% |
| ABOVE 3 YEARS UPTO 10 YEARS | 6.25% |
Interest rates over and above normal rates
- > For Senior Citizen (Age more than 60 years) 0.50% additional interest rate than the above normal rate for one year and above period.
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