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Home Personal Banking Deposits Recurring Deposit Plus

Recurring Deposit Plus

Recurring deposit is a disciplined approach to savings for accumulating a larger sum for any specific purpose. A customer can have only one Recurring Deposit Plus account in his name or in the joint names with others.

AMOUNT LIMIT

  • Minimum Installment for opening Recurring Deposit is Nu. 100
  • Maximum Installment for opening Recurring Deposit is Nu. 10,000

INTEREST RATE

CLICK HERE to view the interest rate.

TENURE

  • Minimum 1 year
  • Maximum 20 years

LOAN FACILITY

Customers can avail loan against Recurring Deposit Plus.

DEFAULT PAYMENTS

1% of the installment for each defaulted month.

PREMATURE WITHDRAWAL

Recurring Deposit Plus can be broken before the maturity date. The interest rate will be 1 % less on the interest rate of the contracted year for the period for which the deposit is actually maintained with the bank. However, if the RD is closed before 3 months, the customer will not be eligible for interest.

REQUIRED DOCUMENTS

EligibilityDocuments required
For Individual Account✓ Copy of a valid Passport / Citizenship ID Card
✓ Two Passport sized photographs Legal stamp
For Non-Bhutanese Individuals✓ Work Permit copy
✓ Passport copy
✓ Legal stamp
✓ Two Passport sized photographs
For Minor Account✓ Photocopy of a valid Passport / Citizenship ID Card of parents or guardian
✓ Two Passport sized photographs of the Guardian
✓ Minor’s Health Card

Downloads / Links

Recurring Deposit Plus Account Opening Form Claim Nomination Form