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Recurring Deposits Account

Info
ELIGIBILITY
Requirements for Opening Account
Minimum amount
Maximum amount
Maturity Period
Interest Rate
Nomination facility
Overdraft / Loan facility
Premature payment
Overdraft / Loan facility
Details
Individual, a Guardian on behalf of a minor, HUF, Partnership, a Company, Association or any other Institution
Application, Proof of identity, Address proof, Introduction, Passport size photograph. The prospective account holder should comply with the Know Your Customer (KYC) norms.
Rs. 100/- per month.
No Maximum limit
12 months to 10 years.
1 Year and below 2 years – 8.50%
2 Year and above - 7.50%
Available
Overdraft/loan facility is available against security of the balance in the account.
Premature payment is allowed subject to penalty of lower interest.
Overdraft/loan facility is available against security of the balance in the account.
Recurring Deposits Account
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