Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Tenure6 to 120 months.View source
The term-deposit table lists Recurring with six-month minimum and 120-month maximum.
- Source
- Deposit Policy — Annexure A
- Page / section
- Page 23/Annexure A, row 1 Recurring
- Accessed
- 1 Sept 2026
- Confidence
- high
General rateThe recurring-deposit rate is the applicable retail term-deposit rate for the selected tenure; the live rate schedule must be checked before opening.View source
The page describes guaranteed returns and flexible terms but does not print a single recurring-deposit rate.
- Source
- Recurring Deposits
- Page / section
- Recurring Deposit catalogue
- Accessed
- 1 Sept 2026
- Confidence
- high
Senior-citizen rateEligible resident senior citizens receive the additional premium applicable to retail term deposits: 0.50 percentage point for deposits of 91 days and above up to ₹5 crore; non-resident deposits do not receive the premium.View source
The current domestic-term-deposit page publishes the 0.50% premium, 91-day threshold and ₹5-crore ceiling.
- Source
- Domestic Term Deposits
- Page / section
- Senior-citizen condition
- Accessed
- 1 Sept 2026
- Confidence
- high
Minimum instalment₹50 per month; no maximum ceiling is published in the deposit-policy table.View source
The table states ₹50 per month minimum and no ceiling.
- Source
- Deposit Policy — Annexure A
- Page / section
- Page 23/Annexure A, row 1 Recurring
- Accessed
- 1 Sept 2026
- Confidence
- high
Premature withdrawalPremature closure follows the bank's term-deposit rules. For deposits held less than seven days no interest is payable; from seven days to one year the actual-period rate applies, and above one year the applicable actual-period rate is reduced by one percentage point.View source
The premature-payment table publishes the three holding-period outcomes.
- Source
- Deposit Policy — Annexure C
- Page / section
- Page 26/Annexure C
- Accessed
- 1 Sept 2026
- Confidence
- high
Payout / redemptionInterest pattern is cumulative and the recurring deposit is repaid at maturity under the selected term-deposit rules; loan facility is available.View source
The table marks recurring deposits as cumulative (C) and loan eligible; maturity treatment is governed by the deposit rules.
- Source
- Deposit Policy — Annexure A
- Page / section
- Page 23/Annexure A, row 1 Recurring
- Accessed
- 1 Sept 2026
- Confidence
- high
Benefits and features
- Minimum ₹50 per month with no maximum ceiling
- Six to 120 months
- Interest at the applicable term-deposit rate
- Loan facility and nomination available
- Minor may open through applicable guardian route
Eligibility
- Individual, firm, partner and company depositors are named on the recurring-deposit catalogue; minor accounts follow the bank's minor-account rules.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Deposit-opening form and
- Guardian and age proof for minor accounts
- Constitution/authorisation documents for entities
Related official documents
Deposit Policy — Term Deposit Schemes (Annexure A–D)official-document · current-policy-reference · accessed 1 Sept 2026
↗Recurring Deposits and Mahasanchay Deposit Planofficial-product-page · current · accessed 1 Sept 2026
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