Sampanna Recurring Deposit

What is Sampanna Recurring Deposit?

Sampanna Recurring Deposit (RD) is an NRE Recurring Deposit scheme where you can invest a fixed amount of your earnings monthly to get a lump sum amount of INR 1 million on maturity.

Why Choose Sampanna Recurring Deposit?

Sampanna RD gives you a chance to increase your wealth and become a millionaire with small amount of instalments every month. Moreover, the interest earned is not taxable and the maturity proceeds are fully repatriable.

Overview

Features and Benefits

• Easy funding of account: Monthly installment will be automatically debited from your NRE Savings account
• Flexible monthly installments*: Installment starting from INR 5800 to INR 81000

   

  Year	Month
  	0	3	6	9
  1	81000	63600	52600	44700
  2	38700	34200	30500	27500
  3	25000	22800	21000	19400
  4	18100	16900	15800	14800
  5	14000	13200	12500	11800
  6	11300	10700	10200	9700
  7	9300	8900	8500	8200
  8	7900	7500	7300	7000
  9	6700	6500	6300	6000
  10	5800	-	-	-

   

  *These installment amount has been calculated based on the prevailing interest rate and are subject to change without prior notice

  • Flexibility of choosing tenure: Tenure can easily be selected and the instalment per month will be decided as per the tenure ranging from 1 year to 10 years and in multiples of 3 months
  • Easy movement: Funds are fully repatriable
  • Tax benefits: Interest earned is not taxable in India
  • Guaranteed interest rate: Your RD is locked with a fixed interest rate and the funds are protected from market fluctuations

To know more about the interest rate, please Click here

Documents Required

• RD Opening Form
• PAN / Form 60

How to avail the RD?

• Existing customers
  Walk in to your nearest branch in India to avail of Sampanna RD.
• New customers
  • Click here to open an NRI Account with us
  • Once your account opening request is processed, you can walk in to the nearest branch to avail of Sampanna RD.

Walk now in your nearest branch in India to avail Sampanna RD