Benefits & Features Of Recurring Deposits

Recurring Deposit is a special kind of Term Deposit offered by SANMATI Bank. Recurring Deposit is a special which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.

Eligibility

Individual in Single or Joint

Minor by guardian

Document Required

Duly filled in Account Opening Form with valid residential proof, PAN Number, 1 photograph and introduction by existing account holder of the Bank.

Interest Rate

# Duration Interest Rate Rs.15 lakh and Above Senior Citizen Co - operative Societies
1 Saving Account 4.00% - - -
2 15 days to 45 days 5.50% 5.75% 6.00% -
3 46 days to 90 days 6.00% 6.25% 6.50% -
4 30 days to 90 days - - - 6.00%
5 91 days to 180 days 6.50% 6.75% 7.00% 7.25%
6 181 days to 1 Year 7.50% 7.75% 8.00% 8.50%
7 1 Year to 2 Years 8.75% 9.00% 9.25% 9.00%
8 2 Years to 3 Years 9.00% 9.25% 9.50% 9.25%
9 3 Years to 5 Years 9.50% 9.75% 10.00% 9.00%
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