- No. R270,P.O Perinjanam, Kerala
- 0480 - 2844339
- [email protected]
Recurring Deposit is a special type of deposit account which enables a depositor particularly in fixed income group to save by paying into the account an agreed fixed sum of money monthly over a stipulated period. The deposits in this type of account earn compound interest . Longer the period for which monthly deposits are agreed to be made higher is the rate of interest subject to rules.
Recurring Deposits will be in equal monthly instalments. The core monthly instalment should be minimum Rs. 100, There is no maximum limit.
Recurring Deposit slab :
|Rs/Month||Months||Amount Deposited||Amount Returned|