A recurring deposit is a type of term deposit which allows you to save a fixed amount every month systematically. Savings Bank is a simple, yet brilliant recurring deposit scheme to save small amounts of money each month to plan for your future needs or to save towards a goal. You can choose any amount and term according to your convenience. If you feel it is inconvenient to make a monthly payment then we have the standing instructions facility. One can even avail a loan against the recurring deposit.
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