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  1st  May 2019 (BOD Resolution Dated 12/04/2019)

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

8.00%

Above 2 years upto 5 years

9.00%

5 years & Above

8.50%

  • 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 above 1 Year.
  • 0.50% extra for BULK DEPOSITS for  above 1 Year