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*: Instalment starting from INR 6000 to INR 80600

   

  Year	Month
  	0	3	6	9
  1	80600	64000	52900	45000
  2	39100	34400	30700	27700
  3	25200	23100	21300	19700
  4	18300	17100	16000	15000
  5	14200	13400	12700	12000
  6	11400	10900	10400	9900
  7	9500	9100	8700	8400
  8	8100	7700	7400	7200
  9	6900	6700	6400	6200
  10	6000	-	-	-

   

  *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