Recurring Deposit

Recurring Deposit Overview

Start building your savings systematically with APCOB Bank’s Recurring Deposit. Watch your money grow steadily over time while enjoying the security of a trusted financial partner. Check our attractive interest rates and embark on your savings journey today.


Anyone who is eligible to open a Current or Savings Bank Account with the Bank are eligible to invest in term deposits.

Features & Benefits

A regular monthly savings grow into a large sum to meet the financial needs at the end of the agreed period.

Amount - Minimum monthly installment of Rs. 50 and in multiples of 10 thereafter.

Term - Minimum period of 12 months and in multiples of 12 months up to 10 years

Interest Calculation - Quarterly compounding.

Documents Required
List Of Valid KYC Documents For Account Opening
KYC Documents of the customer
  • Aadhar, PAN Driving License Gas Bill Electricity Bill
  • Residential address proof

Term Deposit Interest Rates (w.e.f.27.05.2024)

Period of Deposit Interest Rates(%)
Below Rs. 15 Lakh Rs. 15 Lakh to Rs. 1.00 Crore Rs. 1.00 Crore & above
7-30 Days 5.00 5.50 6.20
31-45 Days 5.25
46-90 Days 5.75 5.75 6.50
91-179 Days 6.75 7.00 7.20
180-364 Days 7.00 7.20
1 year 7.10 7.00 7.35
Above 1 year & upto 5 years 6.75 6.75 7.00
Above 5 years to 10 years 6.25 6.25 6.75
Add. Int. for Senior Citizens 0.60 0.60 0.60
Related Services

Recurring Deposit

nvest Small, Achieve Big with APCOB Recurring Deposits.

Fixed Deposit

Secure Your Financial Future with APCOB's Fixed Deposit.

Overdraft Facility

Flexibility to account holders by allowing them to temporarily access additional funds

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    1. What is a Recurring Deposit (RD)?

    A Recurring Deposit (RD) is a type of fixed-term deposit offered by banks and financial institutions. It allows individuals to deposit a fixed amount regularly (monthly) into their RD account, earning a fixed rate of interest over a predetermined period.

    2. How does RD work?

    RD works by depositing a fixed amount of money at regular intervals (monthly) for a predetermined period, usually ranging from 6 months to 10 years. The interest rate is typically fixed for the entire tenure.

    3. What is the minimum deposit amount for an RD?

    The minimum deposit amount for an RD varies from bank to bank but is generally quite affordable, making it accessible for most individuals.

    4. Can I withdraw money from my RD account before maturity?

    Yes, you can prematurely close an RD account; however, the interest rate applicable in such cases may be lower than the original rate. There might also be a penalty for premature withdrawal, so it's advisable to check with your bank about their specific policies.

    5. Is the interest earned on RD taxable?

    Yes, the interest earned on RD is taxable under the Income Tax Act. It is added to the depositor's total income and taxed at the applicable income tax slab rate.