Recurring Deposit (RD) | INDC First Bank Limited | Saving Account | Deposit
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Recurring Deposit's

“Terms and Condition”

  •  Interest Rates Will Be Revised On Quarterly Basis & Premature Closure available.

  • For Term Deposit Up To Rs 1.00 Lacs, The Penalty For Premature Withdrawal Will Be 2.50% (All Tenors) With GST Added.

  • For Term Deposits Up To Rs 1.00 To Rs. 5.00 Lacs, Applicable Penalty For Premature Withdrawal Will Be 3% / 4% (All Tenors) With GST Added.

  • For Term Deposit Above Rs. 5.00 Lacs, Applicable Penalty For Premature Withdrawal Will Be Charged Up To 5% (All Tenors) With GST Added.

  • However, No Interest Will Be Paid On Deposits Which Remain For A Period Of Less Than 9 Days.  TDS Is Applicable As Per Income Tax Rules.

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