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FLEXI RECURING DEPOSIT

A Flexi recurring deposit is a type of term deposit which allows you the flexibility of variying monthly instalments.

  • Minimum monthly instalment amount is Rs 100/-
  • Maximum instalment amount is 10 times of the first instalment amount.
  • The minimum and maximum period of deposit will be 12 and 60 months.
  • Standing instruction facility will enable automatic transfer of installment amount from your savings account
  • Interest cannot be withdrawn before deposit becomes mature and interest is paid on maturity on quarterly compounding basis

  • Period

    Rate for general members

    Rate for senior citizens and staff members

    6 months and above but less than 12 months

    8.5% P.A.

    9.00% P.A.

    12 to 60 months

    9.50%

    10%