Recurring Deposits

It is a special kind if Term Deposit scheme in which customer can deposit a regular fixed amount into their deposit account and earn attractive interest rate.

Who can Invest

Any Indian Resident.

 

How to Invest

By our account opening form.

 

Min. & Max. Lock-In Period

As per period of Deposit.

 

Premature Withdrawal

Allowed.

Penal Interest is Applicable.

Nomination

Available.

 

Loan Facility

Available.

 

T.D.S.

Applicable as per norms.

 

- NOTE- Financial Budget 2015 proposed to apply the TDS Law to interest on recurring account.

Benefits

Loan facility available.

Nomination facility available.

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