BOS Nidhi Recurring Deposit

A Recurring Deposit is a type of financial investment where individuals can deposit a fixed amount of money at regular intervals, typically every month, for a predetermined period. This investment option allows individuals to save money systematically and earn interest on their deposits. Unlike a fixed deposit, where a lump sum amount is deposited at once, a recurring deposit allows individuals to contribute smaller amounts over some time. This makes it a popular choice for individuals who want to save money regularly and earn a fixed return on their investment.
If you do not have a lump sum amount to meet short-term goals, depositing a small amount of your income to the RD account every month serves the purpose well.

Benefits

• A simple investment product.
• Assured returns.
• Flexibility of tenure and amount to be deposited
• Flexibility in withdrawal
• Fixed interest rate

Terms & Conditions

Required Documents

• 2 Photographs (Passport size)
• Xerox copies of PAN card.
• Address Proof (Ration Card, Passport, Electricity Bill)
• Photo Identification Proof (Passport, Voter ID, Driving License)