The RD account may be opened either offline by visiting a bank where you have a savings
account or by logging on the bank’s net banking. … Recurring deposit (RD) is a popular savings
alternative to fixed deposits and long term post office schemes among investors.
1.For a much smaller investment per month, get interest rates equal to that of regular Fixed
2.An investment as small as Rs. 1000 (and in multiples of Rs. 100 thereafter) or as large as Rs.
14,99,900 per month
3.A minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum
tenure of 10 years.
4.Ease to submit 15G/H form through Netbanking
5.Set instructions to convert your RD into an FD at maturity
6.Availing nomination facility while booking deposit online