• A recurring deposit is a type of term deposit which allows you to save a fixed amount every month systematically.
• Minimum installment amount 500/-
• Minimum period 1 year and maximum period is 5 year.
• Providing the loan facility .The loan can be given upto 85% of the amount standing the credit of the account holder. 
• Standing instruction facility will enable automatic transfer of installment amount from your savings account. 
• Interest cannot be withdrawn before deposit becomes mature and interest is paid on maturity on quarterly compounding basis.
• Issue of Passbook.

For closure of Deposits will not be permitted until completion of 3 months From the date of Deposits. Deposits foreclosed after 3 months but before 6 months from the date of Deposits no Interest will be paid. Deposits foreclosed after 6 months, interest at 2% shall be deducted from the normal rate of Simple Interest for the period of Deposit.