Investing money in a recurring deposit account is shrewd investment
This product also provides customers for selection of available options/schemes by paying interest to use in their monthly costs likeregular house rent, children's fees, electricity, water and telephone bill etc. It also provides otions to make a bulk saving at the maturity of the deposit. With the bulk savings, the customer may have ability to use the fund for some certain investment activities like education to children, constructing a house, buying a trip to favourite tourist destination for leisure and for other activities.
|Period||Interest Rate p.a. (Quarterly Payment)|
|Up to 2 years||8.47%|
|Above 2 to 5 years||9.07%|
|Above 5 to 15 years||9.68%|