Recurring Deposit is a special kind of Term Deposit which help members with regular incomes to deposit a fixed amount in every month into their Recurring Deposit account and earn interest at the rate applicable.
FEATURES & BENEFITS:
Recurring Deposit Scheme
(On Deposit of Rs.1000/- per month)
|
PERIOD |
RATE OF INTEREST (General Category) |
RATE OF INTEREST (Senior citizens) |
|---|---|---|
| 12 Months | 10.50% | 11.00% |
| 24 Months | 10.75% | 11.25% |
| 36 Months | 11.00% | 11.50% |
| 48 Months | 11.25% | 11.75% |
| 60 Months | 12.00% | 12.50% |
