RECURRING DEPOSIT SCHEMES

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 Recurring Deposit account is opened by that individual who wants to save regularly for certain period of time and can earn good rate of interest. 

In recurring deposit a member can open an account of minimum of Rs 500/- or in multiple of Rs 100/- is accepted every month for a specified period ( one year to seven year ) and the total amount is repaid with interest at the end of the particular period. 

• Minimum amount that can be deposited is Rs 500/- at regular interval.
• The period of deposit is minimum one year and maximum seven years.
• The rate of interest is 7.00% to 10.00% p.a