Recurring Deposit Account
The scheme is designed to encourage salaried and small time savers groups of customers with regular income to save through this account. The scheme is otherwise referred as Recurring Deposit Saving Scheme (RDSS). It is opened for a purpose to be served at a future date. It is aimed at financing pre planned future purposes like acquiring landed properties, construction of home/building, investing on business ventures, preparing for educational expenses of the children or spending on luxury cars. It is for those who want to save regularly for a certain period of time and earn a higher interest rate.