Recurring Deposit

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A Recurring Deposit (RD) account with Vaishya Sahakari Bank Ltd. is the ideal way to build your savings systematically. It enables you to deposit a fixed amount every month and earn attractive returns over a chosen tenure — ensuring disciplined saving and financial growth.


Features & Benefits

๐Ÿ’ฐRegular Monthly Savings: Deposit a fixed amount each month as per your convenience.

๐Ÿ•’ Flexible Tenure: Choose a deposit period ranging from 12 months to 120 months.

๐Ÿ“ˆ Attractive Interest Rates: Earn competitive interest comparable to Fixed Deposits.

๐Ÿงพ Nomination Facility: Available for all account holders.

๐Ÿ” Easy Renewal: Option to renew the RD on maturity for continued growth.

๐Ÿฆ Loan Facility: Avail a loan or overdraft against your deposit, subject to bank norms.

๐Ÿ“œ Passbook Facility: Get a record of your monthly deposits and interest earned.


Eligibility

  • Individuals, minors (through guardians), and joint accounts are eligible to open an RD account.

Documents Required

  • Proof of Identity (Aadhaar Card, PAN Card, etc.)
  • Proof of Address
  • Recent Passport-size Photograph