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Recurring Deposit
Recurring Deposit
A Recurring Deposit (RD) Account is a convenient monthly savings scheme designed to help customers build funds over a fixed period. It is an ideal investment option for salaried and fixed-income individuals who wish to save regularly in a disciplined manner.
Customers can choose the deposit tenure and monthly instalment amount according to their financial goals and convenience. RD accounts also serve as a reliable option for creating an emergency fund.
The account can be easily funded through Standing Instructions, allowing automatic monthly deductions from the customer’s Savings or Current Account. Interest earned on the deposit is compounded quarterly and credited to the account annually, ensuring steady and assured returns.
Minimum Investment
Open an RD account with a minimum monthly deposit of just ₹100.
Higher Interest
Earn interest rates higher than regular savings accounts with quarterly compounding.
Flexible Tenure
Choose a tenure that matches your savings goal and monthly convenience.
Standing Instruction
Automatic monthly deductions from Savings or Current Account without manual effort.
Senior Citizen Benefits
Senior citizens enjoy an additional 0.50% interest on RD deposits.
Minor Account Facility
RD accounts can be opened for minors under parent or guardian supervision.
SMS Alerts
Stay informed with instant SMS alerts for all RD transactions.
What is Recurring Deposit?
A Recurring Deposit (RD) is a special savings scheme where customers deposit a fixed amount every month and earn attractive interest over a chosen period.
Monthly Savings
Start saving with a small fixed monthly amount and build a strong financial habit with guaranteed returns at maturity.
Flexible Tenure
Choose a tenure that suits your financial goals, generally ranging from 12 months to 120 months.
Attractive Interest Rates
Earn higher interest compared to savings accounts. Senior citizens enjoy additional interest benefits.
Loan Facility
Avail loan or overdraft facility against your RD balance to meet urgent financial needs.
Safe & Reliable
Deposits with Bihar Cooperative Bank are safe, reliable, and designed to support disciplined savings.
