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Recurring Deposit Scheme

Build your wealth with disciplined savings

Highest Interest Rates up to 13%

Recurring Deposit

Our Recurring Deposit scheme is designed for disciplined savers who want to build a substantial corpus over time. With one of the highest interest rates in the market at up to 13%, this scheme helps you achieve your financial goals through regular monthly deposits.

Key Features

  • Interest rate up to 13% per annum
  • Flexible deposit amounts starting from ₹500 per month
  • Tenure options from 6 months to 5 years
  • Loan facility available against RD
  • Automatic deduction facility available
  • Ideal for goal-based savings

Earnings & Maturity Value Chart

Maturity Value Chart (Monthly Deposit)

Monthly Deposit 1 Year (12 m) @9% 2 Years (24 m) @10% 3 Years (36 m) @11% 4 Years (48 m) @12% 5 Years (60 m) @13%
₹1,000 ₹12,597 ₹26,644 ₹42,746 ₹61,679 ₹84,483
₹3,000 ₹37,790 ₹79,931 ₹1,28,232 ₹1,85,029 ₹2,53,448
₹5,000 ₹62,985 ₹1,33,219 ₹2,13,719 ₹3,08,383 ₹4,22,398
₹10,000 ₹1,25,967 ₹2,66,440 ₹4,27,438 ₹61,673 ₹844,783
₹15,000 ₹1,88,953 ₹3,99,657 ₹6,41,157 ₹9,25,144 ₹12,67,171
₹25,000 ₹3,14,922 ₹666,099 ₹10,68,594 ₹15,41,904 ₹21,11,948
₹30,000 ₹3,77,903 ₹799,318 ₹1,282,312 ₹1,850,279 ₹2,534,340

Benefits of RDs

  • Disciplined Savings: Encourages regular saving habits with monthly deposits.
  • High Returns: Offers one of the highest interest rates in the market at up to 13%.
  • Flexibility: Choose your deposit amount and tenure based on your capacity.
  • Loan Facility: Avail loans against your RD in case of emergencies.
  • Goal Achievement: Perfect for goals like education or travel.

How it Works & Opening

1
Setup: Select a monthly deposit amount & tenure and open account.
2
Growth: Deposit monthly (automatic deduction available) to accrue interest.
3
Branch Visit: Bring document proofs to open at any of our branches.
4
Passbook: Receive your recurring deposit passbook on first submission.

Required Documents

  • Identity Proof (Aadhaar Card, PAN Card, Voter ID, etc.)
  • Address Proof (Utility Bill, Passport, etc.)
  • Recent Passport-sized Photographs
  • PAN Card (mandatory for deposits above ₹50,000)

Ready to start your Recurring Deposit?

Open a recurring deposit account today and build your wealth systematically.

Apply Now