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Recurring Deposits
For those who want to make savings for a pre-decided time and seek higher returns, Recurring Deposit is best suited for them. While you invest at regular intervals, a lump sum amount is returned to you at the end of the pre-decided period.
- Fixed, monthly savings
- Higher interest rates
- From 6 months to 10 years
- Ideal for salaried people
Overview
The Recurring Deposit allows individuals, especially the salaried class, to make well-planned investment over a fixed time period, with the opportunity to get higher returns.
Minimum documentation needed
- Photograph | Identity Proof (PAN Card / Aadhar Card) | Address of residence | Salary slips (if needed)
Interest rate %
- Duration: 24 months
- Interest rate: 7%
Recurring Deposit - FAQs
What is Samata Recurring Deposit?
What are the minimum and maximum tenures for RDs?
What are the main features of a Samata Recurring Deposit?
What is the minimum amount needed to start a recurring Deposit?
What is the rate of interest offered by Samata on RD?
Is TDS applicable on Recurring Deposits?
Are nomination facilities available for Recurring Deposits? And can I change my nominee?
Are there any charges for premature closure of Recurring Deposits within 7 days?
Do senior citizens get any extra benefits on Recurring Deposits?
How do I enquire or apply for a Samata Term Deposit — contact & branch details?
Any questions? Feel free to ask us!
