Recurring Deposit Plus

Recurring Deposit Plus is a disciplined savings product designed to help customers accumulate a larger sum for specific financial goals.

AMOUNT LIMIT

INTEREST RATE

CLICK HERE to view the interest rate.

TENURE

LOAN FACILITY

Customers can avail loan against Recurring Deposit Plus.

DEFAULT PAYMENTS

1% of the installment for each defaulted month.

PREMATURE WITHDRAWAL

Recurring Deposit Plus can be broken before the maturity date. The interest rate will be 1 % less on the interest rate of the contracted year for the period for which the deposit is actually maintained with the bank. However, if the RD is closed before 3 months, the customer will not be eligible for interest.

DISCONTINUED RD

An RD will be automatically closed and classified as a discontinued account if three consecutive installments are not deposited.

REQUIRED DOCUMENTS

Eligibility	Documents required
For Individual Account	✓ Copy of a valid Passport / Citizenship ID Card ✓ Two Passport sized photographs Legal stamp
For Non-Bhutanese Individuals	✓ Work Permit copy ✓ Passport copy ✓ Legal stamp ✓ Two Passport sized photographs
For Minor Account	✓ Photocopy of a valid Passport / Citizenship ID Card of parents or guardian ✓ Two Passport sized photographs of the Guardian ✓ Minor’s Health Card