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/-
Maturity Amount- Rs.10,00,111/-
* KYC Documents such as Address Proof, ID Proof, PAN Card is compulsory as per RBI Guidelines.