Vidarbha Credit Co Operative Society
Search
get started
Home > Recurring Deposit

Recurring Deposit (RD)

Recurring Deposit (RD) allows you to save money systematically by making fixed monthly deposits while earning interest over a set period.

  • Disciplined Savings: Encourages regular saving with fixed monthly deposits, helping you build wealth over time.
  • Guaranteed Returns: Build emergency funds and set aside for future goals.
  • Flexible Tenure: Choose a deposit period that suits your financial goals, ranging from a few months to several years.

Features of Recurring Deposit

A Recurring Deposit (RD) is a secure and disciplined way to save money while earning fixed returns. It offers flexible investment options, a choice of tenure, and assured growth, making it a reliable savings plan for the future. Here are its key features.

Flexible Amount

Start saving with as little as ₹1000, in multiples of ₹1000.

Joint Option

Open an RD individually or jointly with a nominee facility.

Easy Tracking

Manage your account effortlessly with a passbook.

Long Tenure

Choose a savings period from 1 year to 25 years.

Guaranteed Returns

Earn a fixed interest rate for steady financial growth.

Auto & Withdraw

Set up auto-debit payments and withdraw early if needed.

rates-and-charges

Rates & Charges

Account opening charges

0 rupees

Interest rate

6% annually

Annual maintenance charges

0 rupees

Documents Required

Aadhar Card

PAN Card

Address proof

2 references

Passport size photograph

Documents of parents if minor (age below 18)

eligibility-criteria-written-on-page

Rates & Charges

Indian Citizenship
Valid Aadhar Number
Original PAN Card

Eligibility criteria

Better Interest Rate

Multiple branch

Better Savings scheme

Your burning question, answered

If you’re new or looking for answers to your questions, this guide will help you learn more about our services and their features.
Why should I care about financial planning?
Financial planning is essential because it helps you achieve your financial goals and secure your financial future.
There are different types of investment vehicles, such as stocks, bonds, mutual funds, and real estate, each carrying different
The earlier you start saving, the longer your money can earn interest and grow.
An emergency fund is cash that’s set aside to cover the cost of unexpected, and often expensive, events.
What can I use a personal loan for?
Many people apply for a low-interest personal loan to consolidate high-interest credit card debt.
A personal loan is a loan offered by many banks, credit unions, or online personal loan lenders and typically range from $5K-$100K.
Applying for personal loans online or at your financial institution will require meeting your lender’s criteria.
The answer depends on a wide range of factors, which mainly includes the type of lender and your credit score.

Digital banking, wherever life takes you

The process for opening a bank account may vary slightly depending on the bank. However, the general steps involved in opening a bank account.
Visit Branch

Go to your preferred branch with necessary documents.

01
Create Your Account

Secure online account opening, mobile banking.

02
Start Depositing

Set up online banking and watch your money grow

03

Vidarbha Credit Co Operative Society