November 10, 2010 11:19 am
Is it possible to ADD some extra amount in Bank RD in time intervels.
I dont see a difference between a normal RD and a variable RD.
I have a variable RD with Indian Bank with minimum commitment of INR 1000 every month and invested surplus amount. When the interest rate increased by 1% last month, i opened another variable RD with new interest rate and still continued the old one with just minimum commitment.
U can contact nearest branch for details.
Yes. Check Indian bank Variable RD http://www.indianbank.in/deposits.php?by=52&ty=2
Dear Raghav G,
Thanks for the Information.
Is it different “Variable RD” from common RD?
This Facilities are not availble in other banks.
I am eagar to know why there is no “TOP UP” allowed in Normal RD. This will be win win situation for Bank and Customer.
I have RD with ICICI Bank and there is no option of “Top UP” as first impression. I asked the Same question with ICICI Bank employees but even they do not have proper knowledge of the subject. So they start debating/Consulting with each other but i do not get any solution.
No, bank RD does not allow to do “top-up”. The amount is fixed.
Hope it will help you.
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