Recurring Deposit

Open a recurring deposit (RD) account online with Crust Corporate and save up consistently and conveniently from today, so you can reap benefits tomorrow. With our RD facility, you can keep a track of your recurring transactions, avail a loan against your account and do so much more.

Delightful Deposits Pay less. Buy more.
Choose from the different recurring deposit facilities we offer according to your requirements, so you can save up in a way that’s convenient for you. Here are the types of RDs you can open with us.

We all have that special something that we yearn for, isn’t it? Perhaps to buy the latest gadgets, or perhaps, to purchase those pieces of designer jewellery on display? Maybe even to take that dream vacation? Well, the perfect opportunity to experience all this and more is here! Open an RD with us and save for it systematically every month. Along with the benefit of interest from Crust Corporate, you get to experience attractive top-up offers from our partners like Croma, Tanishq, Thomas Cook and more.

Get to know the features of Crust Corporate Recurring Deposits
Minimum Balance

Open a recurring deposit with a minimum of ₹500 per month and thereafter, deposit in multiples of ₹100.


Assign a single nominee to the proceeds from your account, whether held solely or jointly. To do this, simply fill the form prescribed under the Banking Companies (Nomination Rules), 1985. For more details, visit the branch of Crust Corporate that’s nearest to you.

Period of Deposit

Make deposits for a minimum period of six months and thereafter, increase your investment tenure in multiples of three months. The maximum tenure for holding a recurring deposit with us is 10 years.

Other Features

Our recurring deposits also have other features you can benefit from. Here’s a preview.

  • The facility to avail a loan against your deposit
  • Interest income at attractive rates, which are identical to the rates of interest on our fixed deposits

Please note that Tax Deduction at Source (TDS) is applicable on interest paid/accrued on recurring deposits in line with applicable law.

Eligibility Criteria

The opening of a Recurring Deposit with Crust Corporate is restricted to certain individuals and entities. The documents will differ for individuals and type of entity depending on the eligibility for the same.

  • Resident Indians.
  • Non-Resident Indians (NRIs).
  • Hindu Undivided Families.
  • Minors (subject to the permission of the guardian/parents).
  • Sole proprietorships, partnerships, corporations, trusts, societies, clubs, etc.

Interest Rate Info

Recurring Deposit Interest Rates
Tenure Wise Recurring Deposit Interest Rates
Maturity PeriodRate of Interest (% p.a.) w.e.f October 21, 2020
GeneralSenior Citizen
6 months 3.50 4.00
9 months 4.40 4.90
12 months 4.90 5.40
15 months 4.90 5.40
18 months 5.00 5.50
21 months 5.00 5.50
24 months 5.00 5.50
27 months 5.15 5.65
30 months 5.15 5.65
33 months 5.15 5.65
36 months 5.15 5.65
Above 3 years upto 5 years 5.35 5.85
Above 5 years upto 10 years 5.50 6.30

  • Recurring Deposits will be available for a minimum tenure of 6 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years.
  • As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD
  • For terms & conditions and any other details, please contact our Branch.

Penalty on Delayed Installment:
  • Penalty is charged at monthly interest at the rate of ₹ 12 per ₹ 1000 for all delayed installments.
  • Fraction of a month will be treated as full month for the purpose of calculating such interest.
  • The total interest so chargeable shall be recovered from the total amount of interest payable at the time of maturity.

RD Interest Rates on Premature Withdrawal:
  • Interest will be calculated at the rate applicable for the period the deposit has actually remained with Crust Corporate.
  • Penalty will be levied on the rate applicable as per the table below
Original Tenure of DepositPenal Rates*
Less than ₹ 5.0 crore₹ 5.0 crore & above
Less than 1 year 0.50% 0.50%
1 year & above but less than 5 years 1.00% 1.00%
5 years and above 1.00% 1.50%
  • *Subject to revision without further notice.

Documents Required to Open Recurring Deposit Accounts


  • Resident Indian
  • The minimum balance of deposit is Rs. 500 per month and thereafter, in multiples of Rs. 100

* Identity Proof

  • Passport
  • PAN card
  • Voter ID card
  • Driving licence
  • Government ID card
  • Senior citizen ID card

* Address Proof

  • Passport
  • Telephone bill
  • Electricity bill
  • Bank Statement with Cheque
  • Certificate/ ID card issued by Post office
* Any other Identity proof or Address proof document can be submitted, subject to the Bank's satisfaction.


  • Please produce the original document(s) for verification & a photocopy of each document
  • Please fill the form in CAPITAL LETTERS using Black ink
  • Please countersign in case of any overwriting
  • Please avail of the nomination facility

Personal Loan EMI Calculator:



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Frequently Asked Questions

In the event of the Recurring Deposit being closed before completing the original term of the deposit, interest will be paid at the rate applicable on the date of deposit, for the period for which the deposit has remained with the Bank. In case of premature withdrawal the deposit may be subject to a penal rate of interest as prescribed by the Bank on the date of deposit.

No interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit and no premature closure charges are applicable.

According to Finance Bill, 2015, effective June 1, 2015, TDS shall be applicable on the interest earned on recurring deposit/ variable recurring deposits etc. Interest earned from fixed deposit/ recurring deposit / variable recurring deposit shall be clubbed for the purpose of computing the total interest paid/ payable during the financial year and applicability of TDS.

It has also been proposed that banks need to deduct tax on interest credited/ paid or likely to be credited/ paid exceeding Rs. 40,000 to a depositor at bank level as against the existing process of branch level. As per the provisions of Finance Act 2009, w.e.f April 1, 2010, valid PAN is required to be submitted by all customers whose tax needs to be deducted. In the absence of a valid PAN, tax will be deducted at the prevailing rate or 20% whichever is higher. Also, Form 15G/ H shall not be treated as valid, unless PAN is mentioned in such forms.

You may deposit a minimum of Rs. 500.00 per month in Reccuring Deposit (RD) and thereafter, deposit in multiples of Rs. 100.00.

Tenure: 6 months to 10 years (in the mutiple of 3 months).