Recurring Deposits

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♦  Minimum Amount - RDs can be opened with a minimum amount of Rs 100 and multiples of Rs 100s

♦  Insured under DICGC - The amount invested is insured to the extent of Rs. 5L

♦  RDs can be opened for a minimum period 1 year.

♦  RDs are instruments with fixed returns with less risk compared to mutual fund, gold etc

♦  Senior Citizen gets an additional benefit of 0.5% interest over the rate offered to regular citizens.