Recurring Deposit :

Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time. Neexa Nidhi Ltd. Offers minimum period of a recurring deposit is 1 year and the maximum is 5 years.This deposit matures on a specific date in the future along with all the deposits made every month.
This account is specially designed for the working people who don't want to invest a large amount at one instance.

Advantage :

1. A Small investments can lead to Bigger Returns!
2. The main objective of recurring deposit account is to develop regular savings habit among the public.
3. It allows you to save bit by bit, and get interest for the outstanding balance.