Recurring Deposit (RD)
Disciplined savings plans with high compounded yearly returns.
What is a Recurring Deposit?
A Recurring Deposit (RD) is a savings tool that allows cooperative members to invest a fixed sum of money every month for a pre-determined period. Interest is computed based on scheme rules, and the accumulated amount is paid on maturity.
Our RD Schemes:
Recurring Deposit Regular
Code: RDR
8.50% p.a.
Interest Rate
Minimum Monthly Deposit: ₹100.00
Maximum Monthly Deposit: ₹100,000.00
Standard Tenure: 12 Months
Interest Posting: On maturity
Key Features & Rules:
| Minimum Installment | ₹100 per month (or as per individual scheme terms) |
|---|---|
| Tenure Options | Flexible tenures in months/years as specified per scheme. |
| Late Payment Rules | Small late fee applies as per scheme settings for missed monthly payments. |
| Eligibility | Exclusively for active registered cooperative members. |
Membership Required: RDs cannot be opened by non-members. You must complete your membership registration and KYC verification first.
Interested in opening an RD?
Submit an inquiry and our branch team will assist you with registration forms and deposit details.
Send Enquiry