DEPOSITS

Recurring Deposit

Recurring deposit is used to encourage saving among the people. The person can operate account with a minimum amount of Rs.100/-. Customer can deposit amount any number of times. The bank allows the rate of interest at 6.5%.

Year Amount Increase/Decrease Increase/Decrease in %
2013-2014 852200 - -
2014-2015 677700 -174500 -20.48
2015-2016 1054600 202400 23.75
2016-2017 1097200 245000 28.75
2017-2018 1770700 918500 107.78

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