A special kind of Term deposit offered by the bank in which a fixed amount is deposit in every month into their Recurring Deposit account and earns interest at rate of following
|
| |
| Recurring Deposit |
Minimum 1 year and maximum 10 years |
| Interest Payment |
Quarterly Interest payable on maturity |
| Maximum Amount of Deposit |
No Limit |
| Minimum Amount of Deposit |
Rs. 100/- |
| Additional Interest Rate for Senior Citizen |
Applicable |
| Eligible Depositors |
All depositors |
|
| |
| Recurring Deposit Rates are- |
| |
| Rate of interest affected from 1st FEBRUARY 2023 |
General |
Senior Citizen (%) |
| 1 To 2 Year |
5.60 % |
6.10 % |
| 2 To 3 Year |
5.80 % |
6.20 % |
| 3 To 5 Year |
5.90 % |
6.40 % |
| More than 5 Year |
6.00 % |
6.60 % |
|
| |
|
Account can be open by
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