Recurring Deposit

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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%