Recurring Deposit
Deposit
Recurring Deposit
Banda Urban Co-operative Bank Ltd. Recurring Deposit is available with various tenures which the members can choose as per their requirement. Short-term fixed deposits are also available that allow you to invest your savings for short tenure such as 3 months, 6 months and 9 months. Attractive RD interest rates are offered based on the tenure of your Recurring Deposit. Have a look at the RD interest rates for different tenures.
How to avail this service
Steps
- 1Visit the branch closest to you and ask for an account opening form.
- 2Fill in both parts of the form. Form 1 covers your name, address and signature; Form 2 is only for applicants without a PAN card.
- 3Attach your KYC documents and check that the details match the form exactly.
- 4Make the initial deposit of Rs. 1,000.
- 5Once the bank completes verification you receive a passbook and cheque book free of charge.
What to bring
- Proof of identity — passport, driving licence, proof of possession of Aadhaar, Voter’s ID, NREGA job card or an NPR letter
- Proof of address — the same document if it carries your current address, otherwise a separate one
- PAN card, or Form 60 if you do not hold a PAN
- Recent passport-size photographs
The list of Officially Valid Documents is set by the Reserve Bank of India and is the same at every bank.
You can use any of the contact options given below to enquire about our products, services or schemes.