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  • Allahabad Bank Normal RD Account

    ALLAHABAD BANK RECURRING DEPOSIT
     4.0 / 5.0   by 2 users
    Used this product? Write a review >>

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Allahabad Bank Normal RD Account allows you deposit a certain amount every month for a fixed tenure and earn interest on the same. There is no minimum or maximum limit on the amount you can deposit in each installment.

    Eligibility Criteria:

    • Allahabad Bank Normal RD Account can be opened by individuals in his/her name.
    • Minors are eligible to open this account.
    • Students who are at least 10 years old are allowed to apply for this account.
    • This account can be opened for proprietorship purposes.
    • Partnerships and Limited companies are also eligible to open this account.
    • Illiterate and blind people can also apply for this account.

    Features of Allahabad Bank Normal RD Account:

    • Allahabad Bank Normal RD Account does not have a minimum or maximum limit on the installment amount.
    • People can deposit money in this scheme for a minimum of 6 months and maximum 120 months. The deposit tenure should be in multiples of 3 months.
    • The scheme offers competitive rates of interest.
    • This scheme offers additional interest to the senior citizens.
    • Customers can request for a loan against their Allahabad Bank Normal Recurring Deposit.
    • Two or more people can choose to open a joint account.

    Fees and Charges:

    Type Amount
    Penalty Fee (to be paid if the depositor is unable to pay the instalment on time. In this case interest will be charged on the amount that is overdue.) Rs.2 for each Rs.100 per month (applicable for deposits made for a period of maximum 5 years)

    The above mentioned fees and charges can be changed at any time at the bank’s discretion.

    Recurring Deposit by Banks
    Recurring Deposit by other Institutions

    Allahabad Bank Normal RD Account Reviews

  • Page 1 of 1
    • Allahabad Bank Recurring Deposit
      "Response is good "
      ALLAHABAD BANK
      0.5 4.0/5 "Great!"
      My recurring deposit is with Allahabad bank. It is actually a joint account that I have opened with them. The accounts first holder is my wife and joint holder is me. My RD is going okay with an interest rate of 8.5%. I am continuing their RD as per my salary structure.
      Was this review helpful? 8
      , dhanbad
      Reviewed on May 06, 2016
    • Allahabad Bank Recurring Deposit
      "Good "
      ALLAHABAD BANK
      0.5 4.0/5 "Great!"
      I have the recurring deposit with the Allahabad bank and am getting 1% rate of interest more than public because I am an employee with them. Services are good with them and its the simple rate of interest like it was around 8.75%. I can easily track the account by online.
      Was this review helpful? 9
      , kolkata
      Reviewed on Dec 21, 2015
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