Our Recurring Deposit scheme is designed for disciplined savers who want to build a
substantial corpus over time. With one of the highest interest rates in the market at up to
13%, this scheme helps you achieve your financial goals through regular monthly deposits.
Key Features
- Interest rate up to 13% per annum
- Flexible deposit amounts starting from ₹500 per month
- Tenure options from 6 months to 5 years
- Loan facility available against RD
- Automatic deduction facility available
- Ideal for goal-based savings
Maturity Value Chart (Monthly Deposit)
| Monthly Deposit |
1 Year (12 m) @9% |
2 Years (24 m) @10% |
3 Years (36 m) @11% |
4 Years (48 m) @12% |
5 Years (60 m) @13% |
| ₹1,000 |
₹12,597 |
₹26,644 |
₹42,746 |
₹61,679 |
₹84,483 |
| ₹3,000 |
₹37,790 |
₹79,931 |
₹1,28,232 |
₹1,85,029 |
₹2,53,448 |
| ₹5,000 |
₹62,985 |
₹1,33,219 |
₹2,13,719 |
₹3,08,383 |
₹4,22,398 |
| ₹10,000 |
₹1,25,967 |
₹2,66,440 |
₹4,27,438 |
₹6,16,763 |
₹8,44,783 |
| ₹15,000 |
₹1,88,953 |
₹3,99,657 |
₹6,41,157 |
₹9,25,144 |
₹12,67,171 |
| ₹25,000 |
₹3,14,922 |
₹6,66,099 |
₹10,68,594 |
₹15,41,904 |
₹21,11,948 |
| ₹30,000 |
₹3,77,903 |
₹7,99,318 |
₹12,82,312 |
₹18,50,279 |
₹25,34,340 |
Benefits of Recurring Deposits
- Disciplined Savings: Encourages regular saving habits with monthly
deposits.
- High Returns: Offers one of the highest interest rates in the market at
up to 13%.
- Flexibility: Choose your deposit amount and tenure based on your
financial capacity and goals.
- Loan Facility: Avail loans against your RD in case of financial
emergencies.
- Goal Achievement: Perfect for achieving specific financial goals like
education, marriage, or vacation.
How Recurring Deposit Works
- Open a Recurring Deposit account with a fixed monthly deposit amount.
- Deposit the same amount every month for the chosen tenure.
- Earn interest on your deposits at the applicable rate.
- At maturity, receive the total amount deposited plus the accumulated interest.
How to Open a Recurring Deposit
- Visit any of our branches with your identity and address proof.
- Fill out the recurring deposit application form.
- Submit the form along with your first deposit amount.
- Receive your recurring deposit passbook.
Required Documents
- Identity Proof (Aadhaar Card, PAN Card, Voter ID, etc.)
- Address Proof (Utility Bill, Passport, etc.)
- Recent Passport-sized Photographs
- PAN Card (mandatory for deposits above ₹50,000)
