Self

Your children (ten years of age or more)

Any company

Any government organization

Application form from your chosen bank with the selected RD

Passport size photo of the RD holder

Identity proof and address proof of the one applying. KYC document with details like your date of birth, occupation details etc.

If you are opening for your children, you will need to provide age and name proof.

Visit your nearest bank branch or post office

Inform the people working at your bank counter that you want to start a recurring deposit

Fill out the form provided by them

Tick on recurring deposit

Select a tenure (period for which you want to invest)

Select the amount you wish to invest every month

Choose if you want to invest in regular RD or Flexi RD

• Regular RD- The amount you pay every month is fixed
• Flexi RD – You can change the amount based on your financial condition

No additional documentation is required if you have a savings bank account in the same bank

Submit the form and get ready to pay your upcoming RD

You can open RD online only if you have activated net banking for your savings bank account in the same bank

Open your net banking application

Select homepage, click on Open RD

Choose if you want to invest in Regular RD or Flexi RD

Choose Investment tenure (period for which you want to invest)

Enter the amount you wish to invest

Select your RD start date

Click Submit

Once these steps are complete, your savings account will be linked to your RD account

You can transfer money from your savings account to your RD before the due date

You can also set up an automatic deduction for your RD investment