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 FIXED DEPOSITS With effect from 26th-December-2022 (BOD Resolution Dated 21/12/2022)
|
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 |
6.75% |
|
Above 2 Year upto 3 Years |
7.00% |
|
Above 3 years upto 5 years |
7.25% |
|
5 years & Above |
6.50% |
- Minimum period is 15 months for Sreenidhi Cash Certificate & Recurring Deposits.
- 0.50% extra for SENIOR CITIZENS (60 Years and above) for the deposits of above 1 Year.
- Higher rate of interest of 0.50% for BULK DEPOSITS of Rs.1.00 crore and above invested at a time for a period of one year and above.