Monthly Recurring Deposit is a special type of deposit account which enables a depositor particularly in fixed income group to save by paying into the account an agreed fixed sum of money monthly over a stipulated period. The deposits in this type of account earn compound interest on quarterly basis. Longer the period for which monthly deposits are agreed to be made higher is the rate of interest subject to rules.

This product is similar to a Recurring Deposit but instead of a single fixed installment every month, you can decide to vary your installment amount and even the number of monthly, within the Annual sum defined.

Recurring Millionaire Deposit Scheme for 55 Months

Invest Rupees Every Month	Earn Rupees
500/-	34,000/-
1000/-	68,000/-
1500/-	1,02,000/-
2000/-	1,36,000/-
2500/-	1,70,000/-
3000/-	2,04,500/-
5000	3,41,000/-