Good option to earn more in compound interest

RECURRING DEPOSITS

Our Bank offers Recurring Deposit which enables a depositor particularly in fixed income group to save by paying into the account an agreed fixed sum of money on monthly basis over a stipulated period and to earn compound interest on quarterly basis.

Deposit Features & Advantages:

  • Good option to earn more in compound interest
  • Can be funded by debiting savings/current accounts through standing instructions
  • Rate of interest is more than normal savings account
  • Higher rate of interest for senior citizens
  • Availability of pre-maturity
  • TDS is applicable for the deposit