Recurring Deposit


ADCC Bank's Recurring Deposit scheme will allow you with an opportunity to build up your savings through regular monthly deposits of fixed sum over a fixed period of time. For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits.


  • An investment as small as Rs. 1000 (and in multiples of Rs. 100 thereafter) or as large as Rs. 14,99,900 per month
  • TDS is not applicable on the Interest earned by Recurring Deposits as per current income tax rules.
  • Loan against deposit.
  • High rates of interest (identical to the fixed deposit rates).
  • Nomination facility available.

Documents Required

  • Application form
  • Proof of Identity: PAN Card, Voter Id Card, Passport, Driving License
  • Proof of Address: Latest Telephone Bill or Electricity Bill
  • Recent Colour Photograph(3 Nos.)

Terms And Conditions

  • Rate of interest as applicable to Banks TDR / STDR for the period of the RD
  • Penalty charges for non-Deposit of monthly installments.