For individuals who want to have returns on their money can deposit small amount every month by using this facility and avail the benefits of higher interest rates.
A Recurring Deposit may be opened in the names of Individuals, Joint
Holders, Minors, Firms, Institutions, Associations and Companies
without restriction to number of accounts.
Recurring Deposit accounts are for definite period ranging from 12 months to 120 months.
Instalments in multiples of Rs.100/- per month.
Loans on recurring deposit may be granted subject to margin and rate of interest is 2% extra on recurring deposit interest.
TECU Bank has provided its customers a wonderful opportunity to deposit small for a chosen time period and get interest on the deposited amount.
Return on Deposit
Higher Interest Rates