Recurring Deposit Scheme

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Period of Deposit Minimum 1 year and maximum 10 years
Interest Payment Quarterly Compounding Interest payable on maturity
Maximum Amount of Deposit No Limit
Minimum Amount of Deposit Rs. 100/- per month
Pledging of Deposit Allowed
Premature Withdrawal Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.
Additional Interest Rate for Senior Citizen Applicable
Eligible Depositors All depositors
Deposit Insurance
The Deposit Insurance System in India is subject to the Provisions of Deposit Insurance Act (enacted in 1961). Deposit Insurance and Credit Guarantee Corporation (Wholly owned subsidiary of the Reserve Bank of India) is the body that operates the deposit insurance system.

To download more information click the following link : DICGC
(Website : www.dicgc.org.in )

For opening a Recurring Deposit, please download the below listed form and submit it to your nearest branch.

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