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  • TDS deducted as per Income Tax Rules in force
Home > Fixed Deposits > Recurring Deposit Scheme
 Recurring Deposit Scheme
 Cumulative Deposits
 Non-cumulative Deposits
 Automatic Renewal Scheme
Recurring Deposit Scheme

Save a fixed amount every month and invest it for a specific period under this scheme either for a short period or for a long term at attractive rates of interest (compounding rate). This product is ideal for mobilizing future savings, for children education, marriage and other purposes. Withdrawal of the deposit before the date of maturity is possible in this scheme with nominal pre-closure charges. The minimum tenure for this deposit is 12 months (in multiple of 3 months thereafter) up to a maximum period of 120 months. Customers holding savings accounts with us can opt for a standing instruction for their monthly installments. Interest on RDs do not attract TDS (Tax deducted at source)

  Who can open this account?
Any individual either singly or jointly, guardians on behalf of minors, companies, associations, clubs and other charitable organizations can open this account. Senior Citizens enjoy extra benefit (0.5% extra)
  Documentation Required
Photo Identity Proof
Residential Proof
Two Color Passport size Photographs
Copy of the PAN Card (original required for verification )
RD Account Opening Form with complete details filled in.

Minimum Monthly Installment
Minimum of Rs. 100/- and in multiples of Rs.1/-
Rate Of Interest
Download Rate Of Intrest
Related Downloads
Account Opening Form
Form 60
KYC Documents
The Adarsh Co-Operative Urban Bank Ltd
MPR. Complex, Phase 1, IDA, Jeedimetala , Hyderabad, Medchal - Dist., Telangana. Ph : 040-48681111, 23191851, 23191852. Fax : 040-23098833