Shri Adinath Bank's Recurring Deposit scheme will allow you with an opportunity to build up your savings through regular monthly deposits of fixed sum over a fixed period of time. For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits.
An investment as small as Rs. 100 (and in multiples of Rs. 100 thereafter) Loan against recurring deposit. High rates of interest (identical to the fixed deposit rates). Nomination facility available. Maximum period of FD upto 10 years
Application form (Download from download section) Proof of Identity: PAN Card, Voter Id Card, Passport, Driving License, Aadhar Card Proof of Address: Latest Telephone Bill or Electricity Bill, Aadhar Card Recent Colour Photograph (3 Nos.) PAN linked with Aadhar Card
Rate of interest as applicable. Penalty charges for non-Deposit of monthly installments. Any government charges, duties or taxes devolving from the provision of any of the facilities shall, if imposed upon the Bank (either directly or indirectly), be debited from the customer's account. TDS is applicable on the Interest earned by Recurring Deposits as per current income tax rules.