Recurring Deposit
Features & Benefits
A regular monthly savings grow into a large sum to meet the financial needs at the end of the agreed period.
Amount - Minimum monthly installment of Rs. 50 and in multiples of 10 thereafter.
Term - Minimum period of 12 months and in multiples of 12 months up to 10 years
Interest Calculation - Quarterly compounding.
Documents Required
| List Of Valid KYC Documents For Account Opening | ||
|---|---|---|
|
KYC Documents of the customer |
|
|
Term Deposit Interest Rates (w.e.f.20.05.2025)
| Period of Deposit | Interest Rates(%) | |||
| Below Rs. 15 Lakh | Rs. 15 Lakh to Rs. 1.00 Crore | Rs. 1.00 Crore - < Rs. 10.00 Crore | Rs. 10.00 Crore & above | |
| 7-14 Days | 4.70 | 5.20 | 5.90 | 6.00 |
| 15-30 Days | ||||
| 31-45 Days | 4.95 | |||
| 46-90 Days | 5.45 | 5.45 | 6.00 | 6.10 |
| 91-179 Days | 6.45 | 6.45 | 6.50 | 6.60 |
| 180-270 Days | 6.45 | 6.50 | ||
| 271 - 364 Days | ||||
| 1 year | 7.20 | 7.20 | 7.00 | 7.00 |
| Above 1 year & upto 5 years | 6.45 | 6.45 | 6.70 | 7.00 |
| Above 5 years to 10 years | 6.25 | 6.25 | 6.45 | 6.75 |
| Add. Int. for Senior Citizens | 0.60 | 0.60 | 0.60 | 0.60 |
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