info@tcbrl.com
74900 10001 | 74900 20003

Recurring Account

To encourage the saving habit of the public at large on monthly basis the bank offers the facility of Recurring Deposits. The product is especially designed for the customers who compulsorily like to save the small amount of their income on monthly basis.

 

The Co-operative Bank of Rajkot Ltd. [ Raj bank] also help investors to cultivate the habit of monthly savings with the help of its Monthly Recurring Deposit schemes where investors can even start with a very nominal amount of Rs. 100 per month.
Revised Interest Rates w.e.f. 1st December,2023 for Domestic Rupee Deposits:

Maturity Period
Interest Rates (%)
Gen. Public (Resi./NRE*/ Soc / Trusts) (p.a.) Sr. Citizens (Resi/NRE*)(p.a.)
7 Days to 14 Days 3.50 3.50
15 Days to 180 Days 4.00 4.00
181 Days to 365 Days 5.00 5.00
Above 12 Months to 24 Months 7.50 8.00
Above 24 months to 36 Months 6.75 7.25
Above 36 months to 60 Months 7.00 7.50
*For Further Detail, Kindly Contact Branch
 
  • Easy & Simple A/c Opening procedure.
  • Speedy and timely services.
  • A/c can be opened at your convenient amount.
  • Special benefits to Small savers.
  • Attractive rate of interest on maturity of the deposits.
  • Flexible maturity periods.

Nature Of Depositors :

Term Deposit Account can be opened by :

  • Individual – Single or Joint
  • Minors – with Guardian;
  • Regd. Societies & Trusts
  • Hindu Undivided Families (HUFs)