At The Kalna Town Credit Co-operative Bank Ltd., we believe that every rupee saved today builds a stronger tomorrow. Our Recurring Term Deposit (RD) is designed to inculcate a disciplined savings habit — simply deposit a fixed amount every month for a chosen tenure and receive an attractive lump sum at maturity.
Whether you are saving for a dream vacation, a child's education, a wedding, or a contingency fund, our RD scheme offers flexible tenures ranging from 6 months to 10 years, with compound interest credited quarterly. Regulated under the Reserve Bank of India guidelines and fully insured by DICGC up to ₹5,00,000 for your complete security.
Our bank provides the following features for recurring deposit account holders:
| # | Tenure / Category | Rate of Interest (p.a.) | Effective From |
|---|---|---|---|
| 1 | 6 Months to 1 Year | 6.50% | 01-Apr-2024 |
| 2 | 1 Year to 3 Years | 7.25% | 01-Apr-2024 |
| 3 | 3 Years to 5 Years | 7.75% | 01-Apr-2024 |
| 4 | Above 5 Years (Senior Citizen) | 8.50% | 01-Apr-2024 |
Interest rates are subject to change as per RBI guidelines and Bank Board decisions. No interest is payable if the account is closed before 15 days of maturity. A penalty of 1% will be levied on premature closure.
Download the Account Opening Form from the link above or collect it at our branch office.
Select your preferred monthly instalment amount and tenure. Fill all fields and self-attest documents.
Submit completed form at the Kalna branch with original KYC documents for verification.
Make your first instalment and receive your RD passbook. Set up auto-debit for convenience.
Our banking experts are ready to help you choose the right scheme.
