Dream Builder RD
Dream Builder Recurring Deposit (RD) offers you the flexibility and convenience to plan, save and achieve your financial goals on your own terms. Based on your goal, set a target amount, choose your tenure, and save systematically with the option to top-up anytime.
Features & Benefits
Build your savings regularly
Dream Builder RD helps you save systematically by setting your financial goals with fixed monthly installments starting from ₹500 to ₹50,000.
Enjoy flexibility with a short minimum tenure
Choose a tenure starting from 6 months (Resident/NRO) or 12 months (NRE), up to a maximum of 5 years.
Read MoreStay compliant with prevalent tax laws
Tax Deducted at Source (TDS) applies as per Income Tax regulations, similar to regular RD.
Read MoreAdd extra funds with the top-up facility
Boost your savings anytime with top-ups (minimum ₹50 per transaction, weekly limit ₹25,000) without changing your installment amount.
Read MoreNo penalty for missed installments
- Continue your savings journey stress-free: There are no penalties for missed installments under Dream Builder RD.
Enjoy benefits with a short minimum tenure
Stay compliant with prevalent tax laws
Add extra funds with the top-up facility
No penalty for missed installments
Interest Rates
Dream Builder RD gives you the advantage of earning a higher rate of return on your systematic monthly deposits and gain with the benefit of compounding.
Click the button below to find out the interest rates of Dream Builder RD.
Eligibility
How to Apply for Dream Builder RD
Mobile Banking
Follow the below steps to book a Dream Builder RD using Mobile Banking App, open:
- 01
Log in to your Mobile Banking App, open and select Deposits or MY MONEY option from the quick links section.
- 02
On the Deposits page, just tap on Dream Builder RD and start creating your goals.
- 03
Within MY MONEY, navigate to the Dream Builder RD module.
- 04
Tap on Create Goal to begin booking a Dream Builder RD
- 05
Choose either a pre-filled goal or create a custom goal as per your requirement.
- 06
Enter the required details such goal name, goal amount, tenure, and nominee details.
- 07
Review the details and confirm your goal. Upon confirmation, the selected installment amount will be debited from your savings account and your goal under Dream Builder RD will be created instantly.
- 08
You will be able to download the Dream Builder RD advice after one working day of booking. You may choose to receive it via email or download it to your device.
Internet Banking
Follow the below steps to book a Dream Builder RD using Internet Banking:
- 01
Log in to Internet Banking and navigate to the Deposits or MY MONEY section. Click here to log in.
- 02
Within MY MONEY, select the Dream Builder RD option to access the goals dashboard.
- 03
Click on Create Goal to begin booking a Dream Builder RD.
- 04
Choose either a pre-filled goal or create a custom goal as per your requirement.
- 05
Enter the required details such as goal name, goal amount, tenure, and nominee details.
- 06
Review the details and confirm your goal. Upon confirmation, the selected installment amount will be debited from your savings account, and your goal under Dream Builder RD will be created instantly.
- 07
You will be able to download the Dream Builder RD advice after one working day of booking. You may choose to receive it via email or download it on your device.
Frequently Asked Questions
A Dream Builder RD is a flexible savings scheme that allows customers to set specific financial goals and save towards them systematically. Customers can make regular contributions with fixed installments and additional top-ups, while enjoying no penalties for missed installments and a fixed interest rate. This deposit helps customers achieve their financial objectives with ease and flexibility.
No, there are no penalties for missed installments.
No, part closure of the deposit is not allowed. However, pre-closure is permitted as per extant guidelines.
The Recurring Deposit will mature on completion of the contracted tenure, even if installments are still pending and the goal amount is not achieved. The interest payout will be based on the installments deposited.
Premature closure is permitted subject to a premature withdrawal penalty as per the terms mentioned at the time of onboarding. On premature closure of the Dream Builder Recurring Deposit, interest to be paid on the recurring deposit shall be calculated at the rate corresponding to the period of investment.
Learning Hub
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