Banking Services
Recurring Deposit (RD) Services
Recurring Deposits are an excellent way to save small amounts regularly. Our team in Washim helps citizens open and manage RD accounts securely through authorized banking systems, maximizing interest yields.
Key Benefits
- Regular savings discipline with small monthly deposits
- Earn compound interest rates similar to Fixed Deposits
- Hassle-free auto-debit linking with your savings account
Required Documents
- Savings account details
- Aadhaar Card and PAN Card copies
- Visit our center to select an RD plan duration.
- Fill out the kiosk registration form digitally.
- Link savings account for auto-deductions.
- Obtain your Recurring Deposit passbook or certificate.
Q: Is the interest rate fixed for the entire RD tenure?
Yes. The interest rate remains locked from the day you open the RD account, protecting your returns from market fluctuations.
Q: Can a minor open an RD account?
Yes, a minor can open an RD account under guardian supervision. Bring minor's Aadhaar and guardian's documents.
