The Railway Employee's Co-Operative Bank Limited (and associated railway cooperative credit societies) offers systematic Recurring Deposit schemes designed for members to build savings through regular monthly installments.
Key Features
- Eligibility: Open primarily to active members, shareholders, and railway employee constituents (the first account holder must hold a valid share).
- Flexible Tenures: Typically available across fixed brackets such as 1 year, 2 years, 3 years, and up to 5 years (12 to 60 months).
- Installment Limits: Monthly contributions can range from small recurring sums (e.g., minimum thresholds starting around ₹100 upwards) depending on the specific regional society guidelines.
