AXIS BANK RECURRING DEPOSIT SCHEME FEATURES AND RATE OF INTEREST
RECURRING DEPOSITS – These are a collection of small deposits accumulated over a period of time. Every month you can deposit a small portion of your income and then withdraw in times of greater need like marriage, renovation of house or higher studies. These small investments can also be used and turn out to be lifesavers in times that are not exactly expected circumstances.
~ Recurring deposits are accepted in equal monthly installments of minimum Rs 1,000 and above in multiples of Rs 500 thereafter. (more…)