Introduction

PDCC Bank's Recurring Deposit scheme will allow you with an opportunity to build up your savings through regular monthly deposits of fixed sum over a fixed period of time. For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits.

Benefits

• An investment as small as Rs. 1000 (and in multiples of Rs. 100 thereafter) or as large as Rs. 14,99,900 per month
• TDS is not applicable on the Interest earned by Recurring Deposits as per current income tax rules.
• Loan against deposit.
• High rates of interest (identical to the fixed deposit rates).
• Nomination facility available.

Documents Required

• Application form (Download from Above)
• Proof of Identity: PAN Card, Voter Id Card, Passport, Driving License
• Proof of Address: Latest Telephone Bill or Electricity Bill
• Recent Colour Photograph(3 Nos.)
• PAN or Form 60/61 if applied for PAN

Terms And Conditions

• Rate of interest as applicable to Banks TDR / STDR for the period of the RD
• Penalty charges for non-Deposit of monthly installments.
• Any government charges, duties or taxes devolving from the provision of any of the facilities shall, if imposed upon the Bank (either directly or indirectly), be debited from the customer's account.