You can open a Recurring Deposit with minimum of Rs. 100/- per month up to Rs. 25,000/- per month for tenure of up to 10 years and Rs. 1, 00,000 for a tenure of up to 36 months.
You can book a Recurring Deposit by following few simple steps:
1. On Mobile Banking
1) Go to Banking -> Fixed/Recurring Deposits
2) Open Fixed Deposit
2. On Net Banking
1) Go to Investment -> Deposits
2) Open A Fixed / Recurring Deposit
3) Select Recurring Deposit
1. Minimum tenure for Recurring Deposit is 6 month and Maximum up to 120 month (10 years), in multiple of 3 months.
2. Interest on the Recurring Deposit is compounded at quarterly intervals, at the applicable rates.
3. Please click here to check Recurring Deposit interest rates.