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Shri Chatrapati Shivaji Maharaj Sahakari Bank Niyamith

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Shri Chatrapati Shivaji Maharaj Sahakari Bank Niyamith

Urban Cooperative | Finance| Deposits | Savings 

Recurring Deposit

What is Recurring deposit and how to open it?

  • The Recurring deposit account is an account in the bank where an investor deposits a fixed amount of money every month for a fixed tenure.
  • Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate.


Documents Required:

  • For address proof and Identity proof i.e Aadhar card/PAN card/Election card.
  • Passport size photo.


Deposit Amount
Fixed Tenure
Maturity Amount General
Senior Citizens

1350/-

60 months

107000/-

110000/-

1600/-

51 months

103000/-

105000/-

2100/-

45 months

115000/-

117000/-

2500/-

36 months

106000/-

107000/-

3500/-

36 months

150000/-

151000/-

6000/-

30 months

208400/-

209100/-

5000/-

60 months

402900/-

405600/-

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