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. Recurring Deposit can be opened for a minimum of Rs.100/- and for maximum of Rs.1,00,000/- in multiples of 100. (If monthly instalment is > Rs.25000 up to Rs.1 lakh max tenor would be 36 months)
2. Minimum tenure for Recurring Deposit is 6 month and Maximum up to 120 month (10 years), in multiple of 3 months.
3. Interest on the Recurring Deposit is compounded at quarterly intervals, at the applicable rates.
4. Please click here to check recurring deposit interest rates.