Just like little drops make an ocean, see your small investments every month turn into a huge amount at maturity by investing in our Recurring Deposit scheme.

Who Can Open the Account

• Individuals
• Two or More individuals in their joint names
• Minors represented by the natural guardians
• Proprietary concerns/ partnership firms/companies
• Associations or anybody corporate
• Hindu Undivided Families
• Trusts

Benefits & features

• Invest little sums every month
• Facility of Standing Instruction through which the amount can be debited from your savings account.
• NO TDS
• Attractive Interest Rates
• Scheme applicable for 12 months to 36 months
• Amount of installment once fixed, cannot be changed.
• Recurring deposits are accepted in equal monthly installments of minimum Rs 5
• Penalty for delayed monthly installment Rs. 1.50 per Rs.100/-  p.a. In case of payment before maturity, Interest up to 15 days will be Nil.
• Above 15 days 1% less than applicable rate of Interest for the actual period for which deposit is kept with the Bank.