Objective
Customers with secured income but variable surplus can save the money.
Every month in addition to a base amount, a fixed amount can be deposited like recurring deposit.
Variable Recurring Deposit Account
Customers with secured income but variable surplus can save the money.
Tenor for the Deposit
Min. 6 Months to Max. 120 Months.
Eligibility
Existing and New Customers of Puducherry Grama Bank
Interest Rate
Rate of interest is subject to bank scheme guidelines, may change from time to time.
Please refer our Interest Rate site / visit our nearest branch.
Please refer our Interest Rate site / visit our nearest branch.
Installment for Deposits
A depositor has to choose a core installment with a minimum of ₹100/- or multiples of 100/-
Salient Features
No restriction on number of times credit into account.
Standing Instructions available for transfer from SB/CA.(Daily / Monthly Frequency)
Premature Withdrawal
Premature closure is allowed
TDS (Tax Deducted at Source)
The tax on interest shall be deducted in accordance with the provisions of section 194A or section 195 of the Income Tax Act.
Ready to explore this deposit further?
Visit your nearest branch to confirm eligibility, interest details, maturity terms, and the full account opening checklist.
