Recurring Deposit (RD)

Build your savings systematically with attractive returns

Recurring Deposit (RD)

A Recurring Deposit (RD) is a special term deposit offered by banks and cooperative societies. It allows you to deposit a fixed amount every month and earn attractive interest rates. It is an ideal savings instrument for individuals who want to build a corpus over time through regular monthly contributions.

Monthly Deposits

Deposit a fixed amount every month starting from a small denomination. Choose a monthly installment that suits your budget and financial goals.

Attractive Interest Rates

Earn competitive interest rates on your recurring deposits. Interest is compounded quarterly, ensuring your savings grow at a faster pace.

Safe & Secure

Your deposits are safe with us. As a registered cooperative credit society, we ensure the security of your hard-earned money.

Flexible Tenure

Choose from various tenure options ranging from 6 months to 5 years. Select the duration that aligns with your financial planning.

Benefits of RD at Setu Co-op Credit Society

  • Encourages disciplined savings habit with monthly contributions
  • Higher interest rates compared to regular savings accounts
  • Nominal minimum deposit amount to get started
  • Loan facility available against your RD balance
  • Premature withdrawal option available
  • Easy documentation and quick account opening process
  • Nomination facility available for all depositors

Monthly Deposit Options

Min Monthly Deposit
₹500
Tenure Options
6 - 60
months
Interest Rate
7.00%
p.a.
Compounding
Quarterly

*Interest rates are subject to change. Contact us for the latest rates.

How to Open an RD Account

  1. 1 Visit our office with valid identity and address proof
  2. 2 Fill the RD account opening form
  3. 3 Choose your monthly installment amount and tenure
  4. 4 Submit the first month's deposit along with KYC documents
  5. 5 Receive your RD account passbook immediately
Open RD Account