Allahabad Bank Normal RD Account

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:

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