Flexi RD - Save for the future without worrying about your monthly budget

Worried that your monthly savings will eat away your spending power? Worry no more! Flexi RD is allows you to deposit variable instalments with ease and flexibility. No fixed amount is insisted.

Features & Benefits

  • Choose each months installments anywhere between Rs.100 and Rs.5000/-
  • No penalty for missing the installments.
  • Deposit can be opened for period ranging from 7 days to 10 years.(In multiples of 3 months)
  • Earn Interest at Cumulative Fixed Deposit rates, compounding quarterly.
  • Premature closure is allowed with a penalty @1% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
  • Loan facility is available, subject to terms and conditions with interest @ only 2% above deposit rate.
  • Minors also can open a Flexi RD.
  • TDS applicable as per the extant IT guidelines.
  • Nomination Facility available

Who can Open?

  • Individuals
  • Individuals jointly with other Individuals
  • For Minor Individuals by Guardian
  • HUF
  • Sole proprietary concerns
  • Clubs/Associations.
  • Firms
  • Joint stock companies 
  • Any other entities as permitted by RBI

How to Open?

  • Flexi Reccuring deposits can be opened by visiting our branch.

Interest Rates & Charges

  • Choose each months installments anywhere between Rs.100 and Rs.5000/-
  • No penalty for missing the installments.
  • Deposit can be opened for period ranging from 7 days to 10 years.(In multiples of 3 months)
  • Earn Interest at Cumulative Fixed Deposit rates, compounding quarterly.
  • Premature closure is allowed with a penalty @1% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
  • Loan facility is available, subject to terms and conditions with interest @ only 2% above deposit rate.
  • Minors also can open a Flexi RD.
  • TDS applicable as per the extant IT guidelines.
  • Nomination Facility available
  • Individuals
  • Individuals jointly with other Individuals
  • For Minor Individuals by Guardian
  • HUF
  • Sole proprietary concerns
  • Clubs/Associations.
  • Firms
  • Joint stock companies 
  • Any other entities as permitted by RBI
  • Flexi Reccuring deposits can be opened by visiting our branch.

OUR KEY PRODUCTS

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