FEATURES OF RECURRING DEPOSIT
No limit for maximum amount
No age limit
ROI between 5.5% to 8.5%
1️⃣ BENEFITS
- Simple investment product which offers regular savings & safety
- Minimum period of deposit: 12 months
- No limit forMaximum period of deposit.
- No limit for maximum deposit amount.
- Minimum Amount of deposit is Rs.100
2️⃣ RATE OF INTEREST
- 0.5% extra ROI for senior citizen.
- Depositors will get interest per annum
- From 500 to 5000-For 1 year term: 9%
- From 500 to 5000-For two years term: 10%
- From 5000 to 20,000-For two years term: 11%
- From 20,000 to 50,000-For five years term: 12%
3️⃣ ELIGIBILITY
- Any individual who is resident of India.
- No age limit.
4️⃣ DOCUMENT REQUIRED
- Identity Proof of depositor.
- Address proof of depositor.
- In case of minor, guardian’s documents & signature is required.