Recurring Deposit | The Assam Co-operative Apex Bank Ltd. (ACAB)

Apex Bank offers flaxible Recurring Deposit Plan that supports your saving goals.

Deposits under the scheme are accepted as monthly instalments for a minimum period of 24 (twenty four) months and maximum of 120 (one hundred twenty) months.

Rate of Interest

Benefits of ACAB Recurring Deposit

Flaxible term/period

Flexible term/period from minimum period of 12 (Twelve) months and maximum of 120 (one hundred twenty) months.

Minimum stipulated monthly instalments

Minimum stipulated monthly instalments shall be Rs.10/- or multiple of Rs.10/-. Term Loans are available against security of accumulated deposit under the scheme.

Transferable account

R.D. A/Cs are transferable from one branch to another branch.

RECURRING DEPOSIT ACCOUNT may be opened by –

A person in his/her own name or jointly with other person
In the name of a minor by his or her legal or natural guardian
In the name of Cooperative Society / Association or Institutions etc.

Recurring Deposits will not be opened in the name of any blind or/and illiterate person. Deposits under the scheme are accepted as monthly instalments for a minimum period of 24 (twenty four) months and maximum of 120 (one hundred twenty) months. Minimum stipulated monthly instalments shall be Rs.10/- or multiple of Rs.10/-. Term Loans are available against security of accumulated deposit under the scheme. Premature closure allowed. R.D. A/Cs are transferable from one branch to another branch. Nomination facility available. Penalty provisions applicable for delay in depositing monthly instalment as well as premature closure.