Recurring Deposit

Recurring Deposit

Under these type of deposits, the person has to usually deposit a fixed amount of money every month .

Features of Recurring Deposit

These are best if you wish to create a fund for your child's education or marriage of your daughter or buy a car without loans or save for the future.

Depositing a fixed amount per month

Period of deposit is minimum 1 Year & maximum up to 2 years

Repayment with interest on maturity date

Loan can be granted on the accumulated deposit amount

Information

saving-deposit
interest-bg

@9.5

Interest rate prevailing for the Deposit period / scheme

1 To 2 Year

Documents Required

Documents
Requirements

Documents required for NEW customers

2 nos Photographs (Passport size)

Xerox copies of the following. Bring originals for verification

PAN – Permanent Account No. allotted by Income Tax Authority

Residential Proof ( Any one or more )

Ration Card

Passport

Electricity Bill

Photo Identification Proof

Passport

Election Identity Card

Office Identity Card

Driving License

 


 

Recurring Deposit

Period
Interest Rate

1 Year

9%

2 Year

9.5%

00

Years of Service

000

Total Members

000

+

Customers

0

 Cr+

Turnover

00

Branches