5 RD Transactions

You can use the screens under the RD Transactions menu to initiate recurring deposit services transactions. A deposit with a fixed term and installments to be paid in regular intervals is called as Recurring Deposit (RD).

This topic contains the following subtopics:

• Account Opening
  You can open the Recurring Deposit account by Account, Banker’s Cheque, and Demand Draft mode using Account Opening screen.
• Payment
  You can perform manual installment payments for a Recurring Deposit account using the Payment screen. The payments can be done by CASA account.
• Redemption
  You can redeem a RD using the Redemptionscreen.