THE MAHAVEER CO-OPERATIVE BANK LTD.

📢 The bank has catered to all sections of society at large by sanctioning loans for their needs .Loans and Advances under priority sector stands at 80% of total advances. The bank has been classified as 'A' Class since 1987.
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Recurring Deposit

Home / Deposits / Recurring Deposit

Recurring Deposit (RD)

THE MAHAVEER CO-OPERATIVE BANK LTD. offers Recurring Deposit schemes that help you build savings regularly with attractive and assured returns. Start saving with small monthly installments and enjoy guaranteed maturity benefits.

Small Monthly Savings

Start your RD with minimal monthly deposits as per your convenience.

Guaranteed Maturity

Fixed & assured maturity amount irrespective of market fluctuations.

Flexible Deposit Tenure

Tenure options available from 6 months to 120 months.

Loan Facility Available

Avail loans up to 90% of your RD balance at attractive interest rates.

Safe & Secure

Your savings are 100% secure with a trusted cooperative banking network.

Joint & Minor Accounts

RD can be opened for minors, joint holders, and guardians.

How to Open an RD Account?

  • Visit your nearest branch of the bank.
  • Fill up the RD account opening form.
  • Submit KYC documents and photos.
  • Choose monthly installment amount & tenure.
  • Make first installment & activate your RD account.
  • Premature closure allowed as per bank guidelines.
  • TDS applicable as per Income Tax rules.
  • Installment must be paid before the due date to avoid penalty.
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