Recurring Deposit Account

Any individual (a single adult or two adults jointly) can open an account.
Advance Deposits earn rebate.
Four defaults are allowed.
Rate of interest 8.30%
Maturity value of a 5 Years RD account opened on or after 1.4.2013 with monthly deposit of INR.10/- shall be INR.744.53.
Defaults can be paid within two months.
Part withdrawal facility available.
Premature closure allowed after three years.
Pay Roll Savings Scheme is also available for employees of various Establishments.

Type of Account	Minimum Deposit	Maximum Deposit
Individual Account	INR. 10/- and in multiples of INR. 5/- thereafter	No limit.