Recurring Deposit

  • Any individual (a single adult or two adults jointly) can open an account.

  • Advance Deposits earn rebate.

  • Seven defaults are allowed.

  • Maturity period is 5 years

  • Can be continued for a further period of upto 5 years

  • Loan facility available once in every 5 years.

  • Premature closure allowed after three years.

  • Pay Roll Savings Scheme is also available for employees of various establishments

Type of Account

Maximum Limit

Maximum Deposit

Individual Account

Rs. 10/- and in multiples 
of Rs. 5/- thereafter

No limit.

Click here to download Recurring Deposit Rules pdf file