Puducherry Grama Bank

Recurring Deposit

Product Details	Recurring Deposit
Description	A deposit scheme to grow your regular monthly savings into a large sum to meet the financial needs at the end of the agreed period. Interest is compounded on a quarterly basis.
Features	a) All General public are eligible. b) Recurring Deposit Account will earn higher interest based on the term of deposit. c) Opened for fixed period of time. d) Fixed monthly installments are payable. e) Standing order facility available. f) Nomination facility available.
Interest Rate	Click here to view the Interest rate.
Other Conditions	Please visit nearest Branch

Period	Interest Rate – Upto Rs.1.00 Crore	Interest Rate – Above Rs.1.00 Crore and Upto 3.00 Crores
15- 29 days	4.50%	4.60%
30- 45 days	4.50%	4.60%
46- 90 days	5.25%	5.60%
91- 180 days	5.50%	5.70%
181- 270 days	6.25%	6.30%
271- 364 days	6.50%	6.60%
1 Year to less than 2 years	7.15%	7.30%
2 years to less than 3 years	7.30%	7.00%
3 years to less than 5 years	6.75%	6.50%
5 years and Above	6.70%	6.50%