Recurring Deposit

Recurring Deposits are liability products offered to members who prefer to have a systematic investment on a monthly module and collate the maturity benefits of a specific purpose. Recurring deposits will vary from 1 to 5 years. Nomination facility is available on these deposits.

The minimum amount of Recurring deposit is set as per the product offering. For 1-year and 2-year Deposits minimum amount to be paid per month is 100/- and for 3-year and 5-year Recurring Deposits the minimum amount set is 1000/-. The Recurring Deposits offered by MMSCCS are a great way to improve your finances, save for the long term, and build on your long-term wealth creation.

On the closure of the deposit in maturity the proceeds will be credited to the bank account details provided by the member at the time of account opening.