Recurring Deposit

A Recurring Deposit (RD) is a convenient way to build your savings with a fixed monthly deposit, offering you the benefits of disciplined saving along with attractive interest rates. Mandal Nagrik Sahkari Bank Ltd provides flexible RD schemes tailored to suit your financial goals.

Key Features:

♦  Minimum Deposit: Start saving with a small fixed monthly installment.

♦  Flexible Tenure: Choose a tenure that fits your financial planning, typically ranging from 12 months to 10 years.

♦ Attractive Interest Rates: Enjoy competitive interest rates on your deposits, compounded quarterly.

♦  Loan Facility: Avail a loan against your Recurring Deposit in case of emergency.

♦  Safe & Secure: Your money is safe with the trusted Mandal Nagrik Sahkari Bank Ltd.

Benefits of Recurring Deposit:

♦  Encourages regular savings habit.

♦  Earns higher interest than regular savings accounts.

♦  Matures with a lump sum that helps meet future financial needs.

How to Open an RD Account:

♦  Visit the nearest Mandal Nagrik Sahkari Bank Ltd branch.

♦ Submit the required documents – ID proof, address proof, and passport-size photograph.

♦  Choose the monthly installment amount and tenure.

♦  Deposit the first installment and enjoy hassle-free saving.

Start your Recurring Deposit today and secure your financial future with Mandal Nagrik Sahkari Bank Ltd.