Recurring Deposit
Recurring Deposit
| Current Rate Of Interest | ||
|---|---|---|
| 12 Months | 7.00 % | 7.50 % |
| 24 Months | 7.25 % | 7.75 % |
| 36 Months | 7.50 % | 8.00 % |
| Significant Features: | ||
| Any Individual Can Open Recurring Deposit Account. | ||
| Maximum 2 Names Are Allowed In Joint Account. | ||
| Minimum Amount of Monthly Installment is Rs. 100/- | ||
| Current Rate Of Interest is Subject to Change. | ||
| Nomination facility is Available. | ||
| Payment exceed by Rs. 20000 at the time of maturity will be paid to A/c Pay Order Only. | ||
| Select Maturity Period & Pay Installment Regularly. | ||
| Get Handsome Amount with Compounded Interest is paid on Maturity. | ||
| Irregularity in the deposition of installment attracts penalty. | ||
| Deposit installment on any day of the month. | ||
| No TDS – Irrespective of any amount. | ||
| Requisites For Opening Of Account. | ||
| Duly filled Account Opening form. | ||
| Zerox of PAN Card / Duly filled Form 60. | ||
| 1 Photograph of Each Signatories. | ||
| Any of following document. | ||
| Rationing Card / Passport. | ||
| Electricity Bill / Telephone Bill / House Tax Bill Etc. | ||
| valid document issued and permitted by govt. | ||