• Recurring Deposit allows you to build up a sizable capital over a period, in a regular, systematic and safe way. Please visit your nearest OGB branch for opening of Recurring Deposit.
Minimum balance
  • Rs.100 or multiple of ₹ 100.No ceiling on maximum amount.
  • Individuals
  • Individuals jointly with other Individuals
  • For minor individual by Guardian
  • HUF
  • Sole proprietary concerns
  • Firms
  • Joint stock companies
Features & Benefits
  • Minimum Rs.100/- per month (in multiples of ₹ 100/-). No ceiling on maximum amount.
  • Deposit can be opened for period ranging from 6 months to 10 years.(In multiples of 3 months)
  • Standing instruction facility will enable automatic transfer of instalment amount from your savings account.
  • Earn Interest at Cumulative Fixed Deposit rates, compounding quarterly.
  • Premature closure is allowed with penalty.
  • Loan facility is available for Recurring deposit up to 90% of the amount present in your deposit account.
  • TDS applicable as per the extant IT guidelines.
  • Nomination facility available.
For further details, contact the nearest Branch