Recurring Deposit

Recurring Deposit

Recurring Deposit scheme provides an opportunity to build up savings through regular monthly deposit of fixed sum over a period and have sufficient funds to achieve specific financial goals at the end of specific period.

 

NRIs can invest in recurring deposits either through a non-resident ordinary (NRO) recurring deposit or a non-resident external (NRE) recurring deposit.

*Interest Rate Per Annum for Period of 60 Months