Recurring
Deposit

Our recurring deposit account ensures regular saving of your funds with attractive rates of return at maturity.

We provide options to each individual to choose a category of savings account

depending upon their personal requirements and services, to meet their banking needs.

eligibility

Created by potrace 1.15, written by Peter Selinger 2001-2017

RESIDENTS

Created by potrace 1.15, written by Peter Selinger 2001-2017

hindu UNDIVIDED
FAMILY

Created by potrace 1.15, written by Peter Selinger 2001-2017

Sole proprietorship
firms

Created by potrace 1.15, written by Peter Selinger 2001-2017

Partnership
firms

Created by potrace 1.15, written by Peter Selinger 2001-2017

Limited
companies

Created by potrace 1.15, written by Peter Selinger 2001-2017

Trust
accounts

Individuals and groups eligible for a recurring fixed deposit

features

Created by potrace 1.15, written by Peter Selinger 2001-2017

Easy investment with attractive returns

Created by potrace 1.15, written by Peter Selinger 2001-2017

Payment through standing instructions

Created by potrace 1.15, written by Peter Selinger 2001-2017

Nomination facility
available

Created by potrace 1.15, written by Peter Selinger 2001-2017

Build your savings on a regular basis

Created by potrace 1.15, written by Peter Selinger 2001-2017

Extra rate of interest of 0.50% for senior citizens

Created by potrace 1.15, written by Peter Selinger 2001-2017

Lock-in your rates for future deposits

value added service

Created by potrace 1.15, written by Peter Selinger 2001-2017

Loan up to 75% of the invested amount is permitted

Deposit / Investment Amount

Minimum amount of investment: Rs. 1000.
More money can be deposited in multiples on Rs. 100.

Tenure

Minimum- 6 months |
Maximum - 10 years

  • Penalty Charges
  • Seamless Fund Transfer
  • Save Regularly

In case of premature closure:

1% below the rate of interest applicable for the period of the deposit

A deposit account can also be opened by depositing cash or transferring funds from savings and current accounts.

Build your savings through fixed monthly deposits

download form

New Customer Existing Customer

Click here to view: KYC DOCUMENTS,
SERVICE CHARGES & FEES
and Interest rates

frequently asked
question

Deposits can be accepted from a period of 6 Months to 10 years

You can just walk into any branch of our bank.

Tax is deducted at source from the interest accrued on the recurring deposit as per the Income Tax Act 1961

Yes, penalty will be applicable as per our policy. Refer to Service Charges & Fee

Yes, senior citizens will get benefits in the form of higher interest rates as per our policy

Yes, a nomination facility is available in the name of individuals

Minimum deposit amount is Rs. 100

For further queries about our Recurring Deposit Account, call us at (0231) 2652584 or mail us at grievance@subhadrabank.com