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Home > Fixed Deposits > Recurring Deposit Scheme
 FIXED DEPOSITS
 Recurring Deposit Scheme
 Flexi Recurring Deposit Scheme
 Cumulative Deposits
 Non-cumulative Deposits
 Automatic Renewal Scheme
 
Flexi Recurring Deposit Scheme

This is a exclusive RD scheme introduced to give the depositor the option of saving a variable amount every month as per his convenience and liquidity position based on an agreed minimum monthly amount known as the ‘core amount’. This product offers the double advantage of higher returns (interest rates on this RD scheme are similar to the interest rates applicable on Term Deposits) as well as the flexibility to decide how much to save in a particular month adjustable according to your requirements, financial commitments and contingencies.

  Who can open this account?
Any individual either singly or jointly, guardians on behalf of minors, companies, associations, clubs and other charitable organizations can open this account. (Senior Citizens enjoy extra interest benefit 1% extra)
  Features & Benefits
Minimum deposit period is 6 months (in multiples of quarters thereafter) and maximum deposit period is 10 years.
Minimum monthly core amount starts at Rs. 500/- and the maximum core amount is Rs. 20,000/- per month. (multiples of Rs. 100/-)
Option to increase the monthly installment up to 10 times of the core amount anytime before the deposit matures.
Flexibility to deposit such an amount into the account any number of times during the month.
Failure to pay the monthly core amount attracts penalty in line with the general RD scheme.
  Documentation Required
Photo Identity Proof
Residential Proof
Two Color Passport size Photographs
PAN Card photocopy for deposits of Rs.50,000/- and above
RD Account Opening Form with complete details filled in.

Rate Of Interest
Download Rate Of Intrest
Related Downloads
Account Opening Form
Form 60
KYC Documents
 
 
The Adarsh Co-Operative Urban Bank Ltd
MPR. Complex, Phase 1, IDA, Jeedimetala , Hyderabad, R.R. Dist., Telangana. Ph : 040-48681111, 23191851, 23191852. Fax : 040-23098833