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Recurring Deposits


  • Account can be opened for minimum 1 year and maximum upto 10 years.
  • Quarterly Compounding Interest payable on maturity.
  • Minimum amount Rs. 100/- per month and maximum no limit .
  • Pledging of security allowed.
  • Prepayment penalty of 1% p.a. considering the period completed.
  • Nomination facility available.
  • Additional interest for senior citizens.


Any individual, Proprietory concern, partnership firm, limited company, HUF, AOP, LLP , Body of individuals, local authority, Trust can open recurring deposit accounts.

Open an account

Interest Rate

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TDS will be deducted as per applicable Income Tax rule. At per the prevailing rule, TDS will be deducted if the aggregate of interest exceeds Rs.10000, unless Form 15G/ Form 15 H is submitted at the beginning of each financial year.