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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