Recurring deposit help to build your future through regular monthly investments. The amount paid monthly will be fixed. The rate of interest applicable on the day of opening will remain fixed though out the tenure of the deposit. The period of deposit will be in years with minimum period of one year to a maximum of 10 years. The rate on interest will be the same as applicable to fixed deposits.
CFCICI Recurring Deposit Scheme enables the member to save his/her money in fixed monthly installments. One can choose different maturity plans depending on the installment.These monthly deposits enables the member to get a tidy lump-sum amount of principal plus interest at the end of the chosen period. This scheme is ideally suited for young salaried people to cultivate regular and compulsory saving habits.
