Recurring Deposit (RD)
Features: Invest in monthly installments and get Lumsum Amount on Maturity
Minimum Amount of deposit: Rs.100 & in multiples of Rs.50/-
Period: Min- 15 months
|
RATE OF INTEREST ON Recurring Deposit (RD) With effect from 12th December 2018 (BOD Resolution Dated 07/12/2018) |
|
|
PERIOD |
Rate of Interest |
|
31 Days upto 90 Days |
- |
|
91 Days upto 180 Days |
- |
|
181 Days upto 1 Year |
- |
|
Above 1 Year upto 2 Years |
8.50% |
|
Above 2 years upto 5 years |
9.25% |
|
5 years & Above |
8.75% |
- Minimum period is 15 months for Sreenidhi Cash Certificate & Recurring Deposits.
- "Bulk Deposits" means Single rupee term deposits of Rs.15.00 Lakhs & above.
- 0.50% extra for SENIOR CITIZENS (60 Years and above) for the deposits of One year and above.
- 0.50% extra for BULK DEPOSITS for one year & above period