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About Rcurring Deposits



Recurring Deposits are safe and provide you guaranteed returns as RD interest rates remain unchanged. Before investing in a fixed deposit or renewing an existing one, compare the RD rate offered elsewhere and we guarantee you a higher return. It is a risk-free investment and one of the most popular investments available. You will earn interest on the invested amount as per the interest rates we offer you. There is a loan calculator to calculate the fixed deposit maturity amount. Tenkasi has an attractive rate of interest on recurring deposits. You can save your money bit by bit. A small investment can lead to big returns so build your savings with our Tenkasi Nidhi company.


Features Of Recurring Deposits

  • Minimum tenure is 12 months and maximum tenure is 60 months.
  • Minimum deposit is Rs.100.
  • Suitable for monthly salary earners.
  • Installment can be paid by check or transfer from other bank accounts or from fixed deposit interest or in cash.
  • Maturity amount can be transferred to any bank account free of cost.
  • Early closure of deposits will be as per the norms applicable to Fixed Deposits.
  • No TDS on interest up to Rs.5000 per annum.
  • Interest is paid on maturity of the deposit.
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Documents Required For Opening Fixed Deposits


  • Identity Proof – Voter ID, Aadhaar Card, PAN Card (Anyone).
  • Address Proof – Voter ID, Aadhaar Card, Ration Card, Telephone Bill, Property Tax Bill & Lease Deed (Anyone).
  • Two Passport size photographs.
  • One hundred rupees for membership.
  • Three hundred rupees to open a savings account in Tenkasi.
  • Deposit accounts can be opened in the name of minors and must be operated by a guardian who is a member of Tenkasi Fund.