Recurring deposits are accepted in equal monthly instalments of minimum Rs 100 and above in multiples of original instalment. Recurring Deposit accounts can be opened for a minimum period of 12 months and in multiples of 12 months thereafter,
upto a maximum of 120 months.
Senior Citizens are offered additional interest of 0.50 % for deposits placed for 1 year and above period
Premature Withdrawal In all cases of premature withdrawals, the interest would be payable at 1 % below the applicable card rate under the normal fixed deposit has remained with the Bank as
on the date of deposit and not at the contractual rate
