Recurring Deposit
Build your savings gradually with small monthly deposits, earn attractive interest, and achieve your financial goals through disciplined and secure investment plans.
Achieve Your Goals with Easy Recurring Deposits
Bank Fixed Deposits are also known as Term Deposits. In a Fixed Deposit Account, a certain sum of money is deposited in the bank for a specified time period with a fixed rate of interest. The rate of interest for Bank Fixed Deposits depends on the maturity period. It is higher in case of longer maturity period.
There is great flexibility in maturity period and it ranges from 15days to 5 years. The interest can be compounded quaterly, half-yearly or annually and varies from bank to bank. Minimum deposit amount is Rs 1000/- and there is no upper limit. Loan / overdraft facility is available against bank fixed deposits. Premature withdrawal is permissible but it involves loss of interest.
Eligibility
Any person or persons approved by the Bank. Co-operative Societies, Registered rust, Institutions, and Associations. By two or more persons in their joint names. By a natural guardian i.e. father or mother approved by the bank on behalf of a minor.
Minimum Deposit
Start your investment easily with just ₹1000, making it simple and accessible for everyone to begin saving.
Loan Against Deposit
Avail up to 90% loan against your deposit amount with quick processing, lower interest rates, and continued earnings on your investment.
Term Deposit Receipt
The Bank will issue a receipt in favour of the depositors/ showing the amount deposited, the period for which the deposit is accepted, maturity date and maturity amount.
Smart Savings with Flexible Benefits
Start with Just ₹1000 & Get Up to 90% Loan Against Deposit