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PSB-Recurring Deposit Accounts

Deposit Schemes - RD

Recurring Deposit Scheme

  • Who can open an account
  • An individual who is not insolvent or insane, can open an account singly or jointly.
  • Such accounts can be opened by Individuals (singly or jointly), a firm, company, club, Association , Institution, Govt. or Semi Govt. Body, Co-operative societies, religious and charitable institutions etc.
  • Minimum deposit in the Account - Minimum of Rs. 10/-
  • Maximum deposit in the Account - Maximum of any amount per month.
  • Minimum and Maximum tenure
  • Minimum tenure - Minimum period six months.
  • Maximum tenure - Maximum 10 years.
  • Rate of Interest
  • As per rate applicable to fixed Deposit for the respective maturity period.
  • Periodicity of Interest
  • The interest is compounded at quarterly intervals but paid along with principal at the time of maturity of deposit.
For Hot Listing (Blocking)
ATM/Rupay Cards ATM/RuPay Card
(By SMS) 9223815844
For Debit Freeze Account
(By SMS) 8828837411
For Phone Banking Services
(By Call) 1800-22-1908
For Balance Enquiry
(By Missed Call) 7039035156 (Toll Free)
All India Toll Free 1800-419-8300