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Recurring Account

Home / Recurring Account
Disciplined Savings

Step-by-Step Wealth Building

A fixed amount is to be deposited monthly in the RD account. It is a deposit payable after a fixed period

Features

  • Depositing a fixed amount per month
  • Period of deposit is minimum 1 Year & maximum up to 10 years
  • Repayment with interest on maturity date
  • Loan can be granted on the accumulated deposit amount(Only to the memberes of the bank)
  • Standing instructions through saving bank account available

RATE OF INTEREST ON RECURRING DEPOSIT

(EFFECTED FROM 01.02.2026)

Period Rate
1 Year to less than 2 Years 6.75 %
2 Years to less than 5 Years 7.00 %
5 Years to 10 Years 6.00 %
15 Months (Special Deposit Scheme) 7.00 %
Interest rate over and above normal rate

Senior citizens are given additional 0.50% interest rate for a period of more than 1 year.

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022-22717800 | mcbank@mcb.bank.in

Municipal Bank Bhavan, 245, P'Dmello Road,
Fort, Mumbai – 400 001

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The Municipal Co-operative Bank Ltd., Mumbai is registered with DICGC.

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