Recurring Deposit Account
The Panchmahal District Co-Operative Bank Ltd offers a Recurring Deposit (RD) scheme to help customers build savings through regular monthly installments. This type of deposit is designed to promote a disciplined saving habit while providing attractive returns.
Key Features:
- Fixed Monthly Deposits: You can deposit a fixed amount every month for a pre-determined period.
- Flexible Tenure: The bank offers RDs with various tenures that members can choose from based on their requirements.
- Attractive Interest Rates: The interest rates on Recurring Deposits are competitive and are often similar to those offered on Fixed Deposits.
- Loan Facility: The bank provides a loan or overdraft facility against your RD, allowing you to get a loan of a certain percentage of your deposit amount.
- Nomination Facility: You can nominate a beneficiary for your RD account.
- Safety of Deposits: Your deposits are insured under the Deposit Insurance and Credit Guarantee Scheme (DICGC) up to a certain limit.
Interest Rates:
Interest rates for Recurring Deposits at The Panchmahal District Co-Operative Bank Ltd are subject to change and are generally linked to the tenure of the deposit. For the most current and accurate rates, it is highly recommended to contact the bank directly or visit their official website.
Required documents:
- Valid photo ID proof (Aadhaar Card,PAN Card,Voter ID Card,Passport,Driving License)
- Address proof (such as latest utility bills, Aadhaar Card)
- PAN Card
- Passport-size photographs
- A duly filled and signed application form
Recurring Deposit Rates
