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Recurring Deposit
Recurring Deposit
Individual in personal capacity can open.
Individuals in joint names can open.
A minor with natural guardian can open.
Application form necessary.
Rate of interest as applicable to F.D rates.
Minimum deposit amount Rs.100 and in multiples of Rs.100.
Minimum Period 6 months.
Loan and nomination facility.
Facility of pre-mature payment.
TDS applicable on interest over Rs.10,000/- per year.
Monthly deposit of instalments.
Monthly instalments can be transferred from Savings Bank / Current Account.
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