Open Recurring Deposit Account online at High Interest Rates

1
RECURRING DEPOSITS
Interest up to 8.50 P.A. 
2
Recurring Deposit

• It is an account in which the depositor makes
  regular deposits of a fixed amount of money.
• The interval can be a month, quarter, 6 months,
  or 1 year
• Interest rate is calculated on the amount
  deposited
• The depositor receives a lump-sum payment after a
  specified period of time.

3
Where to open a recurring deposit?

• A recurring deposit can be open at NBFC or bank,
  or post office
• Formal documents such as PAN card, residential
  proof, identity proof, etc. are required to open
  the account
• RD account can be opened for less than 6 months,
  to the maximum period of 60 years.

4
Types of Recurring Deposit Account Overview

• Regular Recurring Deposit Account
• The most common RD scheme is which you have to
  deposit an amount for a particular tenure which
  in turn lets you earn interest on the principal
  amount.
• RD Account for Minors
• Type of RD account which can be opened in the
  name of minors under
• Senior Citizens Recurring Deposit Account
• Provides special privilege to senior citizens
  with an extra interest rate of 0.50 over regular
  rates
• Tax Saving Recurring Deposit Account
• Investing under this scheme helps an investor to
  claim tax deduction under section 80C of the
  Income Tax Act, 1961
• NRE/NRE Recurring Deposit Account
• NRIs can invest in recurring deposits through a
  non-resident ordinary (NRO) recurring deposit or
  a non-resident external (NRE) recurring deposit.

5
Advantages of Recurring Deposits

• Option for a fixed monthly investment
• Fixed duration of investment
• Fixed rate of interest
• TDS not applicable
• Flexibility of investment

6
THANK YOU
91 224095 9595
www.stfc.in