Recurring Deposits are an ideal way to invest small amounts of money every month and end up with a large kitty on maturity. FINO is the first and the only entity to provide RD for the micro customers which becomes a committed savings product for this customer set. Micro RD is a useful product which is designed to inculcate the habit of regular savings.

The micro RD is designed specifically to cater to the demands of the micro customer. The interest rates vary for 6.75% to 8.25% for different amounts and duration. The minimum installment suggested is only Rs 25 per week with no charge for premature closure. The weekly installment collections happen at customer doorstep through FINO POT or Mobile and a printed receipt of installment deposit and cumulative deposit is given to customer for each transaction.

FINO offers this service through banks at a very low cost. While the customer get a committed savings product in formal banking channel, Banks can generate substantial deposit amount from this product.