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Yes, senior citizen customers get an additional 0.50% p.a. rate of interest over and above the interest payable to regular customers.
You can book a Recurring Deposit by following few simple steps:
1. On Mobile Banking
1) Go to Banking -> Fixed/Recurring Deposits
2) Open Fixed Deposit
2. On Net Banking
1) Go to Investment -> Deposits
2) Open A Fixed / Recurring Deposit
3) Select Recurring Deposit
Please Note:
1. Recurring Deposit can be opened for a minimum of Rs.100/- and for maximum of Rs.1,00,000/- in multiples of 100.
2. Minimum tenure for Recurring Deposit is 6 month and Maximum up to 120 month (10 years), in multiple of 3 months.
3. Interest on the Recurring Deposit is compounded at quarterly intervals, at the applicable rates.
4. Please click here to check Recurring Deposit interest rates.
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