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Grow Your Savings with Our Recurring Deposit

A Recurring Deposit (RD) is a special term deposit that helps you build savings through regular monthly deposits. Ideal for salaried individuals, students, or anyone looking to grow wealth in a disciplined manner, RDs offer attractive interest rates and guaranteed returns.

You invest a fixed amount every month, and at the end of the chosen tenure, you receive the total principal along with accrued interest. It's a smart way to build a savings habit and reach your financial goals.

With flexible tenure options and the benefit of compounding interest, Recurring Deposits provide a low-risk, steady savings plan with assured returns.

Features of Recurring Deposit

  • Minimum monthly deposit – ₹500/-
  • Flexible tenure from 1 year to 10 years
  • Attractive interest rates with quarterly compounding
  • Premature closure permitted (with penalty)
  • Nomination and standing instruction facility available
  • Ideal for fixed monthly savings discipline
Deposit amount per month 12 Months 24 Months 36 Months 48 Months 60 Months 72 Months 84 Months 96 Months 108 Months 120 Months
1,00012,52926,09141,09357,86975,85395,5101,16,9971,40,4851,66,1581,94,222
2,00025,05952,18382,1861,15,7391,51,7061,91,0212,33,9952,80,9703,32,3173,88,444
3,00037,58878,2741,23,2791,73,6082,27,5582,86,5313,50,9924,21,4544,98,4755,82,665
4,00050,1171,04,3661,64,3722,31,4783,03,4113,82,0414,67,9905,61,9396,64,6347,76,887
5,00062,6471,30,4572,05,4652,89,3473,79,2644,77,5515,84,9877,02,4248,30,7929,71,109
6,00075,1761,56,5492,46,5583,47,2164,55,1175,73,0627,01,9858,42,9099,96,95111,65,331
7,00087,7051,82,6402,87,6514,05,0855,30,9706,68,5728,18,9829,83,39411,63,10913,59,553
8,0001,00,2352,08,7323,28,7444,62,9556,06,8227,64,0829,35,98011,23,87813,29,26715,53,774
9,0001,12,7642,34,8233,69,8375,20,8246,82,6758,59,59210,52,97712,64,36314,95,42617,47,996
10,0001,25,2932,60,9144,10,9305,78,6937,58,5289,55,10311,69,97514,04,84816,61,58419,42,218

Documents Required to Open a Recurring Deposit

  • Address Proof – Aadhar, Driving License, Passport, etc.
  • PAN Card
  • Passport-size color photograph
  • Existing savings account for auto-debit (recommended)
  • Senior citizens eligible for additional interest (proof required)

Process to Open a Recurring Deposit

  • 1. Choose monthly deposit amount and tenure
  • 2. Fill the Recurring Deposit application form
  • 3. Submit KYC documents
  • 4. RD account activation and monthly auto-debit begins
  • The minimum amount you can deposit monthly is ₹500/-.

  • Yes, premature closure is allowed but may attract penalties and reduced interest.

  • Yes, delayed or missed monthly payments may attract penalties and affect maturity value.

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