Recurring Deposit Plus
Recurring deposit is a disciplined approach to savings for accumulating a larger sum for any specific purpose. A customer can have only one Recurring Deposit Plus account in his name or in the joint names with others.
Customers can avail loan against Recurring Deposit Plus.
1% of the installment for each defaulted month.
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.
|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