Recurring deposits are special kind of term deposits offered by bank which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits.It is similar to making FDs of a certain amount in monthly installments.
- Simple a/c opening peocedure.
- Special benefits to small savers.
- Account will be opened with convenient amount.
- Speedy and timely services.
- Very competitive rate of interest.
- Flexible maturity periods.