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