Recurring Deposits Account


A Recurring deposit is an ideal way to invest small amounts of money every month and receive a large sum on maturity. It allows you to prepare for expected expenditures and build up a reserve for unexpected occurrences requiring substantial amounts of money at short notice.

Features:

  • Minimum Balance of Rs 100
  • Anywhere banking – deposit of cash across MACO bank branches
  • Standing instructions
  • Higher interest rates on term deposit
  • Internet Banking (view mode only) (Under Process)
  • Sms Banking

Eligibility:

An Individual in his/her name /All the registered Societies /Associations/ Trusts are eligible for opening of such accounts