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Recurring Deposits

Book a Shivalik Bank Recurring Deposit to meet your future goals!

Recurring Deposits (RD) provide customers with the flexibility to invest an amount every month in a systematic manner and get a corpus of funds as per the need like marriage, buying a house, child education, retirement etc. Senior citizens are offered high interest rates for all deposit tenures.

Know more about interest rates

Why Choose Recurring Deposit?

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    Regular Saving Habit
    Invest a fixed amount at regular intervals (daily/monthly) to encourage disciplined savings.

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    Flexible Tenure
    Select an investment period based on your financial goals, ranging from 6 months to several years.

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    Interest Compounded
    Earn interest that is compounded quarterly at applicable rates.

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    Auto-Debit Facility
    Contributions are automatically deducted from your account, ensuring a hassle-free investment experience.

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    Top-up / Add-on Facility
    Add extra funds whenever convenient to accelerate your savings.

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    Flexible Investment Amount
    Start with a small contribution and gradually increase it, making it suitable for all income groups.



Daily Recurring Deposit


Best Suited For :

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    Initial deposit ranging from ₹100 to ₹1000.

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    Tenure ranging from 6 months to 12 months.

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    Top-up deposits from ₹100 up to ₹10,000 limited to 10 times the initial deposit.

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    Enables customers to save through small, regular daily contributions.

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    Suitable for customers looking to gradually build there savings habits.


Monthly Recurring Deposit


Best Suited For :

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    Initial deposit ranging from ₹500 to ₹100000.

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    Tenure ranging from 6 months to 60 months.

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    Top-up deposits from ₹100 up to ₹1,00,000 limited to 10 times the initial deposit.

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    Offers the flexibility to invest larger amounts through monthly contributions.

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    Suitable for customers planning long term savings and financial goals.



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