Recurring Deposit (RD)
Consistent Savings of any amount will help you achieve your goals in a systematic manner. Unity Small Finance Bank’s Recurring deposits are convenient to begin and offer attractive interest rates, which help you build your savings and achieve your dreams faster.
6 months - 120 months
Rs 1,000 per month
Easy payment options
from your savings account
Any resident Indian, including minors & HUF, can open a recurring deposit account with Unity. However, it's mandatory to have a savings account with us.
1.What is the minimum and maximum tenure to open a Recurring Deposit?
The minimum and maximum tenure to open a Recurring Deposit is 6 months and 120 months, respectively.
2. What is the minimum amount required for opening a Recurring Deposit?
The minimum amount required to open a Recurring Deposit is Rs 1,000 per month.
3. What documents are required to open a Recurring Deposit?
4. Can I redeem my Recurring Deposits before the original term?
If the Recurring Deposit is closed before completing the original term, interest will be paid at the rate applicable for the period the deposit has remained with the bank. In case of premature withdrawal, the deposit may be subject to a penal rate of interest as prescribed by the bank on the date of deposit.