Deposits

Recurring Deposit

Salient Features	A regular monthly savings which grows into a large sum to satisfy the financial needs of depositor.
Eligibility	As in the case of FD/SD
Min Amt	Rs.100 and in multiples of Rs. 10
Max Amt	Rs. 25000/- per month
Min Period	12 Months and in multiples of 3 months
Max Period	60 Months
Other Requirements/Details	Loan facility: Upto 90% of the principal amount with rate of interest at 2% p.a. over the rate of interest payable to depositor. A penalty at the rate of Rs. 1.50 per Rs. 100 p.m. will be levied where the remittance is made after the due date. Nomination Facility Available.

For Customers Knowledge
Amendment to Section 194N w.e.f. 01st July 2020
THE RESERVE BANK – INTEGRATED OMBUDSMAN SCHEME – 2021
Please make your account KYC compliant
Please link your Aadhar number to your account.
Please update your passbook atleast once in 3 months
Mention your PAN in the challen where remittance amount is Rs. 50000/- and above
Use RTGS/NEFT facilities for your remittances
Please keep updated your Address and Phone number with the bank for timely communications.