Recurring Deposits
- Minimum Rs.50/- per month (in multiples of Rs.50/-).
- No ceiling on maximum amount.
- Deposit can be opened for period ranging from 1 year to 10 years.
- Standing instruction facility will enable automatic transfer of installment amount from your savings account.
- Earn Interest at Cumulative Fixed Deposit rates, compounding quarterly.
- Premature closure is allowed at any point of time with a penalty.
- Loan facility is available for Recurring deposit against the amount present in your deposit account.
- TDS applicable as per the extant IT guidelines.
- Nomination facility available.
- Constitution: Individuals/ Proprietorship / Partnership / Firms/Trust/Society/ Firms / Hindu Undivided Families /Company / Club / Association/ Joint stock companies/ Any other entities as permitted by RBIetc.
- Recurring deposits can be opened by visiting your UGB branch
- Click HERE for more details about Deposit interest rates& Service charges.
- For more quries please contact to your nearest branch.
Deposit Calculator
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