Recurring Deposit
Classic recurring deposit with flexible amounts and tenures — start small, grow steadily.
Minimum deposit
₹100
Tenure
6 months – 10 years
Interest rate
10% p.a.
Compounding
Quarterly
Premature closure
Allowed with nominal penalty
Loan against RD
Up to 80% of deposit
About Recurring Deposit
Our flagship Recurring Deposit is the easiest way for any Indian family to build a disciplined savings habit. Choose any deposit amount, any frequency that suits you, and let compound interest do the work. Trusted by thousands of customers in Barnala for decades.
Flexible & simple
Choose deposit size, tenure and frequency — fully customisable.
Compound interest
Quarterly compounding multiplies your wealth.
Loan facility
Borrow against your RD anytime, up to 80% of value.
Recurring Deposit at a glance
Key benefits
- Start with just ₹100
- Flexible tenures from 6 months to 10 years
- Compound interest, quarterly
- Auto-debit facility from your bank
- Loan against RD available
Perfect for
- Long-term goal planning
- Children's education and marriage
- Buying gold or property
- Building a tax-efficient corpus
Eligibility
- Indian resident, age 18+
- Valid KYC
- Active bank account
- Open for minors via guardian
Documents required
- Aadhaar Card (KYC)
- PAN Card
- 2 recent passport-size photographs
- Address proof (electricity bill / ration card)
- Cancelled cheque (for auto-debit)
Recurring Deposit in 4 simple steps
Open RD
Open in branch in under 10 minutes.
Deposit
Deposit your chosen amount regularly.
Grow
Watch interest compound through the tenure.
Maturity
Receive your maturity amount.