Know About Recurring Deposit
A Recurring Deposit (RD) is a savings option where individuals invest a fixed amount monthly over a specified term, earning interest, similar to a Fixed Deposit. It is ideal for disciplined saving and achieving short-term financial goals with guaranteed returns.
- Recurring Deposit: Rate of Interest 9% Per Annum
- Minimum Amount: Rs. 100/- and further in multiple of Rs. 100/-
Interest Rates
Recurring Deposits offer higher interest rates compared to regular savings accounts, ensuring steady growth on your mandatory savings while maintaining security and financial stability.
Deposit & Withdrawal
Any time deposit and withdrawal in Recurring Deposit allows individuals flexibility to add or withdraw funds anytime, ensuring liquidity while maintaining the deposit’s core obligations.
