The advantage in opening a Recurring Deposit Account is that the depositor would be able to save certain sums in fixed monthly installments so that he / she would be able to meet an anticipated liability / obligation after the end of a specified period.

WHO CAN OPEN AN ACCOUNT :

1. ** Any person or persons approved by the Bank.
2. ** Co-operative Societies, Registered Trust, Institutions and Associations.
3. ** By two or more persons in their joint names.
4. ** By a natural guardian i.e. father or mother approved by the bank on behalf of a minor.

MINIMUM DEPOSIT : Rs.100/-

INTEREST :

1. ** Interest will be paid on the deposits at the rate in force from time to time.
2. ** Interest amount will be paid at the time of maturity.

PASS BOOK :
The Bank will issue a Pass Book showing the name, address ,installment amount,the period for which the deposit is accepted, maturity date and maturity amount.

GENERAL :
The Bank reserves the right to alter, amend, rescind the rules from time to time.