Recurring Deposit Scheme Comparison
| Recurring Deposit Scheme | Features |
|---|---|
| Period of Deposit | Minimum 1 year and maximum 10 years |
| Interest Payment | Quarterly Compounding Interest payable on maturity |
| Maximum Amount of Deposit | No Limit |
| Minimum Amount of Deposit | Rs 100/- (Multiple in Hundred) |
| Pledging of Deposit | Allowed |
| Premature Withdrawal | Allowed with penalty of 1% in applicable interest rate for the tenure of deposit as on the date of placement of deposit. |
| Additional Interest Rate for Senior Citizen | Applicable (0.50% Extra) |
| 15G / 15H Facility | Yes |