Recurring Account

Purpose A Recurring deposit is an ideal way to invest small amounts of money every month and receive a large sum on maturity. Shrimant Malojiraje Shakari Bank’s give Recurring Deposit Scheme makes sure you receive attractive interest rates on your investment.
Rate of Interest As decided by Board of Directors from period wise , product wise
Features & Benefits
  • Invest small amount every month Min Rs. 100/-
  • Facility of Standing Instruction through which the amount can be debited from your savings account
  • Attractive Interest Rates
  • Amount of instalment once fixed, cannot be changed
  • Nomination facilities available
  • Higher interest rates for Senior Citizens
Document required
  • Account opening form
  • 2 passport size photo (Latest)
  • Pan Card (In absences thereof declaration in form 60/61)
  • Aadhar card
  • Address proof (You can provide any of following)
    • Valid Passport
    • Voter card
    • Electric/Telephone Bill
    • Driving License
    • Post office

  • ID proof
    • Valid Passport
    • Pan card
    • Senior citizen Card
    • Aadhar card

  • Charges:Penalty for delayed monthly instalment2% extra..