P.O. Abdulrahiman Nagar,Pin - 676 305,Malappuram.

9495990546

Recurring Deposits

A Recurring Deposit, commonly known as RD, is a product to provide a person with an opportunity to build up saving through regular monthly deposits of fixed sum over a period of time.A RD account holder can choose to invest a fixed amount each month while earning decent interest on the amount. RDs are an ideal saving-cum-investment instrument.

Terms & Conditions

Period of Deposit Minimum 12Months and maximum 60 Months
Interest Payment After Maturity - Credit to Account
Maximum Amount of Deposit No Limit
Minimum Amount of Deposit Rs. 100/- PM
Pledging of Deposit Allowed
Premature Withdrawal Allowed with penalty of 3.5% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.
Additional Interest Rate for Senior Citizen Applicable
Eligible Depositors All depositors

Testimonials

 

“In banking or finance, trust is the only thing you have to sell.”

Patrick Dixon
author and Business consultant

“Banking is a branch of the information business.”

Walter Wriston
Banker and former chairman and CEO Citibank / Citicorp