ATM CUSTOMER CARE NUMBER 0172-2713293 || For Exam Related Queries :0172-2784785 , 2771251 || LEI code of THE HARYANA STATE CO-OPERATIVE APEX BANK LTD is 335800LY22UYKF4AHT40

Opening Of Recurring Depositt

  1. The bank is providing R.D. facility to its depositors to save at their convenience by paying a fixed sum of money every month for pre-determined period. The account can be opened by :-

    • A person in his/her own name.
    • By two or more persons in joint name with "E or S"/"A or S"/jointly clause.
    • On behalf of minor by guardian.
    • Minor aged of 14 years and above.
    • In the name of registered club, associative,educational institutions etc.
  2. A depositor may have more then one R.D. account in his name or in the joint names with anothers.

  3. The period of deposit is normally in the multiple of 12 months like 12,24,36 upto maximum period of 120 months.

  4. The account will be opened after completion of all the necessary documents & fulfilling the KYC norms.

  5. The installment for each calender month must be remitted on or before the last working day of that month, thereafter penal charges be imposed for the delayed period.

  6. The rate of interest is same as that of FDR/RITD schemes.

  7. The loan facility is extended against the R.D. upto the maximum of 85% of the amount at credit in the RD account.