Recurring Deposit (RD)

Features: Invest in monthly installments and get Lumsum Amount on Maturity

Minimum Amount of deposit: Rs.100 & in multiples of Rs.50/-

Period: Min- 15 months

RATE OF INTEREST ON Recurring Deposit (RD) With effect from 12th December 2017 (BOD Resolution Dated 08/12/2017)

PERIOD

 Rate of Interest

31 Days upto 90 Days

-

91 Days upto 180 Days

-

181 Days upto 1 Year

-

Above 1 Year upto 2 Years

8.75%

Above 2 years upto 5 years

9.00%

5 years & Above

8.50%

 

  • 0.50% more to SENIOR CITIZENS (60 Years and above) for the deposits of One year and above.
  • 1% more to SUPER SENIOR CITIZENS (80 Years and above) for the deposits of One year and above.
  • Bulk deposits above Rs.15 lakhs for One year and above 0.50% extra*
  • Senior citizen’s Bulk deposits above 15 lakhs for One year and above 1% extra