Recurring Deposits
An amount deposited at regular intervals for years with a goal to earn high-interest rates is known as a Recurring Deposit. This account inculcates a habit of saving a certain amount, regularly. It has flexible options for tenure, which later reflects as a substantial amount at the time of maturity.
- Fixed Regular saving every month.
- Higher returns on savings.
- Period ranging from 6 months to 120 months.
- Interest compounded at quarterly rest.
- 0.5% additional interest to senior citizens.
- Loan facility & Premature payment allowed.
- Condition Apply