RD Interest Rate in Abhyudaya Bank - 2018-2019 StudyChaCha

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  #1  
Old March 11th, 2016, 04:24 PM
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Default RD Interest Rate in Abhyudaya Bank

Can you provide me the Domestic Term Deposit Rates of RD (Recurring Deposit Account) of Abhyudaya Co-operative Bank Ltd.?
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  #2  
Old March 11th, 2016, 07:39 PM
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Default Re: RD Interest Rate in Abhyudaya Bank

The advantage in opening a Recurring Deposit Account with Abhyudaya Co-operative Bank Ltd. is that the depositor is able to save certain sums in fixed monthly installments so that one would meet a predictable liability / obligation after the end of a specified period.

Eligibility:
Any person or persons approved by the Bank.
Co-operative Societies, Registered Trust, Institutions and Associations
By two or more persons in joint names
By a natural guardian i.e. father or mother approved by the bank on behalf of a minor

Interest:
Interest is paid on the deposits at the rate in force from time to time.
Interest amount is paid at the time of maturity.

Interest Rate (% p. a) Applicable w.e.f. 01.01.2016
The revised interest rates on Term Deposits w.e.f. 01st January, 2016 will be as under:

Term
Deposit/Duration General Public, Trusts, N.R.O Senior Citizens
depositors,Co-op. Societies
including Housing, Credit, etc.
and Bulk Deposits

7 Days and above up to & 6.5 6.5
inclusive 90 days

91 days & above up to and
inclusive of 180 days 8 8.25

181 Days and above up to &
inclusive of 15 months 8.25 8.75

Above 15 months and up to
and inclusive of 36 months 8.5 9

Above 36 months and up to
and inclusive of 120 months 8.25 8.75

Domestic Term Deposit Rates

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