Recurring Term Deposit is a special kind of Systematic Deposit Plan where we can save a fixed amount regularly for a certain period of time.

The small savings in the Recurring Deposit scheme enable the depositor to accumulate a handsome amount on maturity.

  • Minimum amount of Rs.1000/- and multiples of 500/- is accepted
  • Duration of deposit is minimum 1 year & maximum five years.
  • Loan can be given upto 90% of the amount deposited.
  • Interest upto 11% p.a (Depends on Schemes)