A recurring deposit account is generally opened to meet their financial goals in future such as wedding, children education, investment in fixed assets, buying of luxury car, refrigerator, furniture etc by investing a small amount on monthly basis to meet future need.

FEATURES OF ACCOUNT

• The main objective of the recurring deposit account is to develop regular savings habit among the public.
• The minimum amount that can be deposited is Rs.100 or its multiples and to be invested monthly basis.
• The period of deposit is minimum 1 year and maximum period is 10 years.