Recurring Deposit
A Recurring Deposit, commonly known as RD, is a unique term deposit that is offered by SUCO bank.
Salient features of Recurring Deposit
Eligibility
Contract Act-eligible customers
Minimum Balance
Rs.100/- only
KYC norms
ID proof
Address proof
TDS
TDS is also applicable to this RD Scheme also.
| PERIOD OF DEPOSIT | RATE OF INTEREST | ||||
| GENERAL | |||||
| Above 1 Year upto 3 Years | 8.25% | ||||
| Above 3 Years to 5 Years | 9.50% | ||||
| Above 5 years | 8.00% | ||||