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Recurring Deposits
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Deposits
Recurring Deposits
Meant for those who wish to save a fixed amount every month and obtain a lump sum with accrued interest at the end of the deposit period.
Interest as prescribed by the Bank for various periods and paid along with principal amount.
Period of deposit ranges from 12 months to 120 months.
Monthly instalment accepted is a minimum of Rs. 100 or in multiples of Rs. 100 every month to be fixed at the time of opening the account.
Standing instruction accepted.
Nomination facility available for individuals.