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RECURRING DEPOSIT

A recurring deposit is a type of term deposit which allows you to save a fixed amount every month systematically.

  • Minimum installment amount 100/-
  • Minimum period 1 year and maximum period is 5 year.
  • Providing the loan facility .The loan can be given upto 90% of the amount standing the credit of the account holder
  • 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  • Interest cannot be withdrawn before deposit becomes mature and interest is paid on maturity on quarterly compounding basis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

    12 to 60 months

    9.50%

    10%