Spark Recurring Deposits, also know as Spark RD, is a regular term deposit investment opportunity offered to exclusively to the Spark customers. With regular deposits accruing every month and attractive rates of return, Spark RDs are a flexible and easier investment option.

Customers can choose the term period, the term deposit amount and define the standing instruction to credit the term deposits to the RD account every month from their Spark savings account as per their convenience. Interest rates remain constant during the tenure of the deposits. On maturity, the customer is paid the amount invested along with the interest earned.

Applicable TDS will be deducted from the interest amount earned.

The minimum monthly investment amount for recurring deposits is ₹1000.

 

 BREAKABLE RECURRING DEPOSITS

  • Leading rates from 8.5% -11% p.a.*
  • Interest paid out at End of Term
  • Various tenure options from 12 –60 months
  • Premature withdrawal is Allowed
  • Average Exit Load 3.77%

 

NON-BREAKABLE RECURRING DEPOSITS

  • Leading rates from 10%-15% p.a.*
  • Interest paid out at End of Term
  • Various tenure options from 12 –120 months (1-10 years)
  • Premature withdrawal is Not Allowed

 

*Subject to terms & conditions