FLEXI RD - LET YOUR FLEXIBLE EARNINGS DOES NOT AFFECT YOUR SAVINGS

RD with variable instalments with the easiness and flexibility to park the monthly surpluses. No fixed amounts are insisted.

Features & Benefits

  • Choose the monthly installments between Rs 100 and Rs 5000, each month according to the convenience.
  • No penalty for missing the installments.
  • Deposit can be opened for period ranging from 7 days to 10 years.(In multiples of 3 months)
  • Earn Interest at Cumulative Fixed Deposit rates, on compounding quarterly.
  • Closure before maturity with applicable penal cuts.
  • Premature closure is allowed at any point of time with a penalty@1% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
  • Loan facility is avialable, subject to terms and conditions with interest @ only 2% above deposit rate.
  • Minors also can open.
  • TDS applicable as per the extant IT guidelines.
  • Nomination Facility avialable

Who can Open?

  • Individuals
  • Individuals jointly with other Individuals
  • For Minor Individuals by Guardian
  • HUF
  • Sole proprietary concerns
  • Clubs/Associations.
  • Firms
  • Joint stock companies 
  • Any other entities as permitted by RBI

How to Open?

  • Flexi Reccuring deposits can be opened by visiting our branch.

Rates & Charges

  • Please visit Deposit interest rates page for details.
  • Please visit Service charges page for more details.
  • Choose the monthly installments between Rs 100 and Rs 5000, each month according to the convenience.
  • No penalty for missing the installments.
  • Deposit can be opened for period ranging from 7 days to 10 years.(In multiples of 3 months)
  • Earn Interest at Cumulative Fixed Deposit rates, on compounding quarterly.
  • Closure before maturity with applicable penal cuts.
  • Premature closure is allowed at any point of time with a penalty@1% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
  • Loan facility is avialable, subject to terms and conditions with interest @ only 2% above deposit rate.
  • Minors also can open.
  • TDS applicable as per the extant IT guidelines.
  • Nomination Facility avialable
  • Individuals
  • Individuals jointly with other Individuals
  • For Minor Individuals by Guardian
  • HUF
  • Sole proprietary concerns
  • Clubs/Associations.
  • Firms
  • Joint stock companies 
  • Any other entities as permitted by RBI
  • Flexi Reccuring deposits can be opened by visiting our branch.
  • Please visit Deposit interest rates page for details.
  • Please visit Service charges page for more details.

OUR KEY PRODUCTS

RECURRING DEPOSIT

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VEHICLE LOAN

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