Recurring Deposit
Recurring Deposit
Build your savings systematically through regular monthly deposits and work towards your future financial goals with the Recurring Deposit facility offered by The Peoples’ Urban Co-Operative Bank Ltd.
A Recurring Deposit is a convenient savings option for customers who wish to save a fixed amount regularly instead of investing a large amount at one time. By depositing an agreed amount every month for a selected period, customers can gradually build a meaningful savings corpus while earning applicable interest on their deposits.
The scheme encourages disciplined and regular savings, making it particularly useful for individuals and families planning for future financial requirements. Customers can select a suitable monthly deposit amount and deposit period according to their financial capacity and savings goals, subject to the Bank's prevailing scheme conditions.
A Recurring Deposit can help customers plan systematically for important future expenses such as children's education, marriage, travel, household requirements, major purchases and other short-term or long-term financial goals.
Regular Monthly Savings
Build your savings gradually by depositing a predetermined amount every month for the selected deposit period.
Attractive Returns
Earn applicable interest on your recurring deposits while systematically building funds for your future financial requirements.
Goal-Based Savings
A disciplined savings option for planning education, marriage, travel, major purchases and other future financial goals.
Recurring Deposit Highlights
Monthly Deposit Scheme • Attractive Interest • Flexible Deposit Amount • Systematic Savings • Nomination Facility • Safe Investment Option
Save a Little Every Month
Recurring Deposit helps develop a regular savings habit. Instead of making a large one-time investment, customers can contribute smaller amounts every month and gradually create a fund for planned future requirements.
Ideal For
Salaried employees, students, young professionals, families, homemakers and other eligible customers who prefer systematic monthly savings for achieving their future financial goals.
Plan for Your Future Goals
A Recurring Deposit can be used to systematically accumulate funds towards education, marriage, travel, festivals, household purchases, emergency requirements and other planned expenses.
Open a Recurring Deposit
Visit your nearest branch to know more about current interest rates, available deposit periods, minimum monthly deposit amount, maturity options, nomination facility and other applicable terms and conditions.