Mahavir Bank's Recurring Deposit scheme will allow you with an opportunity to build up your savings through regular monthly deposits of fixed sum over a fixed period of time. For a much smaller investment per month, get interest rates equal to that of regular Fixed Deposits.
Up to interest for Seniors
Getting started is easier than you think. Follow our seamless 4-step process to begin your wealth-building journey.
Decide your monthly savings goal starting from ₹500.
Pick a duration from 6 months to 10 years.
Set up automatic monthly transfers from your account.
Watch your money grow with quarterly compounding.
Receive your principal plus hefty interest at the end.
Choose between short-term savings (6 months) or long-term wealth creation (up to 120 months).
Partial withdrawal and loan facility available against your RD balance for emergencies.
Automatically transfer funds from your Savings account to your RD, ensuring you never miss an installment.
An additional 0.50% interest rate for our respected senior citizens to support their retirement.
| Sr. No. | Tenure Range | Regular Citizens (% p.a.) | Senior Citizens (% p.a.) |
|---|---|---|---|
| 1 | 6 Months to < 1 Year | 5.50% | 6.00% |
| 2 | 1 Year to < 2 Years | 6.75% | 7.25% |
| 3 | 2 Years to < 5 Years | 6.50% | 7.00% |
| 4 | 5 Years and above | 6.25% | 6.75% |
Plan your savings effectively. Adjust the sliders to see how much you will receive at the end of your tenure.
Total Maturity Value
Invested: ₹1,20,000 | Earned: ₹8,756
Resident Indians above 18 years.
Account can be held jointly by two or more adults.
Accounts can be opened by parents/guardians.
Special rates for individuals above 60.
Join thousands of satisfied customers who trust Shri Mahavir Urban Co.Op. Bank LTD., Solapur for their banking needs.