Build Wealth Step-by-Step with WizBiz Recurring Deposit Plans
WizBiz Recurring Deposit Plans help you build wealth systematically with affordable monthly contributions. Choose flexible tenures from 6 months to 10 years, earn competitive interest rates, and enjoy the power of compounding.
Start Your Wealth Journey Today
Open a WizBiz RD account in 10 minutes. Small steps, big returns.
Investment and De-Investment in India Consultancy, Sale of Property in India for NRIs, DTAA for NRIs
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WizBiz Team
Building wealth doesn't always require a large lump sum. With WizBiz Recurring Deposit (RD) Plans, you can start with as little as Rs. 500 per month and watch your money grow through compounding.
WizBiz offers flexible RD tenures from 6 months to 10 years with competitive interest rates compounded quarterly. Choose monthly, quarterly, or half-yearly payout options.
For NRIs, our RD plans can be linked to NRE or NRO accounts with full repatriation benefits. We also offer joint account options, premature withdrawal facilities, and loan against RD.
Start with as low as Rs. 500 per month
Competitive interest rates with quarterly compounding
Flexible tenures from 6 months to 10 years
Auto-debit facility from savings, NRE, or NRO accounts
Loan against RD facility up to 90% of deposited amount
NRE/NRO account compatibility with repatriation benefits
Instant online RD account opening
Flexible deposit amounts (Rs. 500 to Rs. 5,00,000/month)
Multiple payout options
Auto-renewal at maturity
Dedicated relationship manager for premium accounts
Step 1: Choose your monthly deposit amount
Step 2: Select tenure and payout option
Step 3: Complete KYC and link account for auto-debit
Step 4: Monthly deposit auto-debited on chosen date
Step 5: Track growth and receive maturity proceeds automatically
Q: What is the minimum monthly deposit?
A: Minimum Rs. 500, maximum Rs. 5,00,000 per month per RD account.
Q: What interest rate does WizBiz offer?
A: Rates from 6.5% to 8.5% per annum compounded quarterly. Senior citizens and NRIs get additional 0.50% premium.
Q: Can NRIs open RD accounts?
A: Yes, linked to NRE (repatriable) or NRO (non-repatriable) savings accounts.
Q: What if I miss a monthly deposit?
A: 15-day grace period with Rs. 50 late fee. After 3 missed months, RD may convert to savings account.
Q: Can I withdraw before maturity?
A: Yes, after 3 months. Penalty of 1% of interest accrued applies.
Q: Can I take a loan against my RD?
A: Yes, up to 90% of deposited amount after 6 months at 2% above RD rate.
Q: How is interest calculated?
A: Compounded quarterly. Effective annual yield higher than stated rate.
Q: Is nomination available?
A: Yes, nomination facility available for all RD accounts.
