A person approved by the Bank may open a Recurring Deposit Account upon agreeing to accept and comply with the rules governing such accounts.
Monthly recurring deposits will be received by the Bank in multiples of Rs. 50-00.
The monthly instalments may be paid on any date during the month. The Recurring Deposit shall be payable on completion of the specified years, subject to maturity value will be paid 30 days after payment of the last instalment becomes payable and is paid, or on the expiry of the period for which the deposit was accepted, whichever may fall later.
*Rules are subject to change from time to time. For further details please contact nearest branch.