Recurring Deposits (RD)
Turn small monthly savings into a big financial safety net. A disciplined way to save at highly attractive interest rates.
Build Wealth, Drop by Drop
Don't have a lump sum to invest right now? No problem. Our Recurring Deposit allows you to save a fixed amount every month straight from your savings account. It’s the perfect, stress-free way to build a corpus for upcoming expenses like a vacation, vehicle purchase, or education.
Why Open an RD with DHUSBN?
Painless Saving
Set up a standing instruction (NACH/Auto-debit) from your Savings Account, and your RD installment is automatically deducted every month.
High FD-like Rates
Enjoy interest rates that are identical to our Fixed Deposits, allowing your small savings to earn big returns.
Loan Facility
Need funds urgently? You can easily avail a loan or overdraft against your accumulated RD balance.
Recurring Deposit FAQs
What happens if I miss a monthly installment?
It is highly recommended to set up an auto-debit to avoid missing installments. Missed installments may attract a nominal penalty and can slightly reduce your final maturity amount.
What are the tenure options available for an RD?
You can open a Recurring Deposit for a minimum tenure of 12 months up to a maximum of 120 months (10 years), depending on your financial goals.
Can I withdraw the money before maturity?
Yes, premature withdrawal is allowed. However, the interest will be calculated at a reduced rate applicable for the period the deposit actually remained with the bank, minus any premature penalty.