💸 Recurring Deposit (RD) Scheme
Don’t have a large amount to invest? Don’t worry! Start saving with us through our Recurring Deposit (RD) scheme and earn attractive interest rates. Invest a fixed amount every month according to your savings and build a secure future with steady returns.
🎯 Purpose
This scheme is designed for those who cannot invest a lump sum amount at once. It allows you to deposit a fixed amount periodically and enjoy the benefit of disciplined saving with good returns.
👥 Eligibility
- Individuals – singly or jointly.
- Hindu Undivided Families (HUF).
- If a minor is an Income Tax Assessee holding a PAN, the deposit can be opened:
- Singly in the name of the minor (operated by self), or
- By the guardian as per normal bank norms.
- Deposits in joint names may be issued to:
- Two adults, or
- One adult and one minor under the mode of operation “Either or Survivor.”
- In case of joint deposits, income tax deduction under Section 80C shall be available only to the first depositor.
📄 Required Documents
- Two passport-size photographs.
- Valid proof of residence – any one of the following:
- Passport
- Driving License
- Gas Bill / Telephone Bill / Electricity Bill
- Ration Card / Voter Identity Card
💰 Amount and Period
- Minimum Deposit Amount: ₹100/- or any multiple of ₹100/-
- Deposit Period: 5 Years
⚙️ Charges
- Duplicate RD Passbook / Certificate: ₹50/- per deposit print
** Terms & Conditions Apply **
For more information, please contact your nearest branch.