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.
CLICK HERE to view the interest rate.
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