Save a fixed amount every month and get a lump sum at maturity. A recurring deposit is a disciplined way to save for a goal — a festival, a wedding, school fees or a vehicle.
7.50%per annum on recurring deposits
Features
- Choose a monthly instalment that suits your income
- Choose a period that matches your goal
- Interest compounded as per bank rules
- Loan facility available against your recurring deposit
- Nomination facility available
Documents required
- Recent passport-size photographs
- Proof of identity — Aadhaar card, PAN card, voter ID, passport or driving licence
- Proof of address — Aadhaar card, utility bill, ration card or any officially valid document
- PAN card or Form 60, as applicable
Rates are subject to change at the discretion of the bank. Please confirm the current rate at the branch before you apply.