A Recurring Deposit (RD) at Gozaria Nagarik Sahkari Bank Ltd. is a disciplined savings tool that allows you to build a substantial corpus by depositing a fixed amount every month. It is ideal for individuals with a regular income who want to earn higher interest than a standard savings account.
Recurring Deposit Account:
- Ideal saving scheme for salaried investors.
Significant Features:
- Any individual can open Recurring Deposit Account
- Maximum 3 names are allowed in a joint account
- Minimum amount of monthly Installment is Rs. 100/-
- Recurring Deposit Account is Accepted for Minors too.
- Nomination facility is available
- Irregularity in the deposition of installment attracts penalty
- Deposit installment on any day of the month
- Get desired amount on maturity by selecting installment amount
Requisites for opening an account:
In case of submission of Form 60, any one of the following five Officially Valid Documents is required -
- Duly filled Account Opening form
- 2 Photographs of each signatory
- Photocopy of Pan Card or Duly filled Form 60
- Aadhar Card
- Passport
- Driving License
- Election Card
- NAREGA Job Card issued by the State Govt.
- Letter with Name & Address issued by National Population Register
Current Rate Of Interest.( AS A FIXED DEPOSIT RATE)
| 12 Months |
6.75% |
| 24 Months |
6.75% |
| 36 Months |
7.00% |
| 60 Months |
7.00% |
|
- In case of any discrepancy, Interest rate card available with Branch Manager shall prevail
- Rates quoted are subject to change without notice.
