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 FIXED DEPOSITS With effect from 01st May 2020 (BOD Resolution Dated 24/04/2020)

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

6.75%

Above 1 Year upto 3 Years

7.25%

Above 3 years upto 5 years

7.50%

5 years & Above

7.00%

Minimum period is 15 months for Sreenidhi Cash Certificate & Recurring Deposits.

  • "Bulk Deposits" means Single rupee term deposits of Rs.1.00 Crore & 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.