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
![](https://sucobank.com/storage/2021/10/Eligibility.png)
Eligibility
Contract Act-eligible customers
![](https://sucobank.com/storage/2021/10/Minimum-Balance.png)
Minimum Balance
Rs.100/- only
![](https://sucobank.com/storage/2021/10/KYC-Norms.png)
KYC norms
ID proof
Address proof
![](https://sucobank.com/storage/2021/10/TDS-interest.png)
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% |