Recurring Savings

Mon–Sat · 9:00 AM – 5:00 PM

Overview

A monthly deposit plan that builds a disciplined, high-earning nest egg.

Recurring Savings rewards regular discipline. You deposit a fixed amount every month and watch a guaranteed sum grow at a higher rate than an ordinary savings account.

Choose your monthly instalment and tenure, and our system debits or collects the amount on the date you pick.

Interest rates

Interest rates for Recurring Savings
Balance slab	Interest rate	Note
Rs. 500 – Rs. 10,000 per month	Up to 7.75% p.a.
Rs. 10,001 – Rs. 50,000 per month	Up to 8.00% p.a.
Senior citizens (any slab)	0.25% extra

Minimum balance

Minimum instalment: Rs. 500 / month
Maximum instalment: Rs. 50,000 / month
Tenure options: 6 to 60 months
Interest type: Compounded quarterly, paid at maturity

Who can open this account

Resident individuals aged 18 and above
Joint accounts (up to two holders)
Salaried and self-employed members
Existing members of the society

Read Before You Open

Terms & conditions

Short, plain-language terms. Our full account rules are available at the branch and on request.

You may skip up to 2 consecutive instalments by informing the branch. Missed instalments only carry a nominal Rs. 20 fee.

Before 12 months, interest is paid at 4% p.a. After 12 months, it is paid at the rate applicable to the completed quarters.

Yes. You can borrow up to 80% of the accumulated value at any time, without disturbing your ongoing scheme.

It is credited to your linked savings account on the maturity date, or paid as a demand draft on request.

Open This Account

One visit is all it takes

Bring your documents, and our counter staff will open your account on the spot.

Become a Member

Recurring Savings