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 5 Years||6.15 %||6.40 %|
|RD above 5 Years to 10 Years||5.65 %||5.90 %|
|Millennium RD (5 years only)||6.65 %||6.90 %|
* KYC Documents such as Address Proof, ID Proof, PAN Card is compulsory as per RBI Guidelines.