Recurring Deposit

Account can be opened by an individual, HUF, with a minimum amount of Rs.100/- Per Month no maximum limit. Account can be opened for 1 year to 7 years. Interest will be paid to the depositor @ 9% for 1 year to above upto 5 Years.
Requirement for opening Recurring account:
2 Passport Size Photos, Completion of Know Your Customer formalities.

ID Proof: Any one required

Passport, PAN card, Election Card, Driving License, Aadhar card etc. Where the photo has been affixed and self attested by the applicant.

Address Proof: Any one required

Ration Card, Electricity Bill, Telephone Bill, Credit Card statement, Salary Slip with address, Bank account statement with address, address authenticated by the employer etc. where address has been given.
Period of deposit from 15 days to 94 months.
Loans / OD up to 80% of the Principal deposit.