IDBI Recurring deposit helps you to add your savings at your complete convenience. With your regular incomes, you can start saving any fixed amount from 100 to less than 1 crore every month. The amount as decided by you will be deducted every month from your savings account. Further, there is no Tax deducted at source on these deposits and also no charges for executing your standing instructions.
The IDBI Bank Recurring Deposit Advantage
- No tax deduction
- No charges for executing your standard instruction
IDBI Bank Recurring Deposit Features
- Pre-planned saving for a future goal
- Regular savings for a certain period of time
- The period of deposit can be from 1 year to 10 years
- Deposit can be start with minimum amount of Rs. 100
How to Apply
Applying for a Recurring Deposit is absolutely simple. Just call Phone Banking numbers or visit your Nearest Branch. Our representative will contact you at the earliest.