incometaxbank RECURRING – incometaxbank

RECURRING

A fixed amount is to be deposited monthly in the recurring deposit account. It is a deposit payable after a fixed period.

Features

1) Depositing fixed amount per month.
2) Period of deposit is minimum 1 year & Maximum up to 3 years.
3) Repayment with interest on Maturity date.
4) Standing instructions through saving bank account available.
5) RD amount deduction facility.

RATE OF INTEREST ON RECURRING DEPOSITS ( WITH EFFECT FROM 16-01-2023 )

Period Interest Rate
12 Months to 36 Months 7.50% p.a.

Note: 0.25% p.a. additional interest for Senior Citizen.