Welcome to Vishwas Co-op. Bank Ltd., Nashik

Recurring Account

Recurring Deposit Account


A Recurring Deposit (RD) is a special type of term deposit that allows customers to deposit a fixed amount every month and earn interest similar to fixed deposit schemes.

It provides an excellent opportunity to build savings through regular monthly deposits.

The minimum period of a recurring deposit is 6 months and the maximum period is 10 years.

RD Chart for 1 Year & 5 Years

Time Period General Depositor Senior Citizen Interest Type
366 days to 18 months 7.00% 7.50% Compound
18 months + 1 day 7.25% 7.75% Compound
499 days (Special Scheme) 7.75% 7.75% Simple
Savings Account 3.00% 3.00% Daily Interest
Vishvsanchay deposit Scheme (daily collection) 3.00% 3.00% If continue for three months

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SI Facility Available

Also get a loan on recurring deposit amount immediately

For senior citizens 7.75% interest rate