Recurring Deposit accounts are good for salaried account holders or for those having a fixed income every month. The depositor can select the monthly instalment as per his monthly surplus and opt for a tenure and maturity amount that matches an expected funds requirement in the future.
| Term Deposits | General Public | Senior Citizen |
|---|---|---|
| RD 1 Year to 10 Years | As per applicable FD rate | As per applicable FD rate |
| MODEL MILLIONAIRE SCHEME (60 Months) | 6.65 % Instalment – Rs.14,032/- Maturity Amount -Rs.10,00,089/- |
6.90 % Instalment- Rs.13,940/- Maturity Amount- Rs.10,00,111/- |
Conditions Apply
* KYC Documents such as Address Proof, ID Proof, PAN Card is compulsory as per RBI Guidelines.
