Recurring Deposit

Term / Feature	Details
Period of Deposit	Minimum 15 months and Maximum 10 years
Interest Payment Method	Quarterly Compounded Interest payable on maturity
Maximum Amount of Deposit	No Limit
Minimum Amount of Deposit	Rs. 100/-
Pledging of Deposit	Allowed
Premature Withdrawal	Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit.
Additional Interest Rate for Senior Citizen	Applicable
Eligible Depositors	All depositors
Charges if RD closed before Maturity	Rs. 59/-