Recurring Deposit
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Recurring deposit(RD) means a fixed amount is invested on monthly basis for fixed period for a fixed maturity value.
Recurring deposit are accepted for minimum tenure 12 months to 60 months, minimum deposit is Rs. 100/- per month
Facilities offered:–
- Standing Instruction is available, Penalty shall be applicable in case delay in payment of installment or preclosure.
- Deposits upto 5 Lac are insured with DICGC.