RECURRING DEPOSITS ARE A SPECIAL KIND OF DEPOSITS OFFERED BY US.IT ALLOWS CUSTOMERS WITH AN OPPORTUNITY TO BUILD UP THEIR SAVINGS THROUGH REGULAR MONTHLY DEPOSIT OF FIXED SUM OVER A FIXED PERIOD OF TIME. THIS IS AN OPTIONAL DEPOSIT FOR MEMBERS. DEPOSIT WILL BE ACCEPTED ON MONTHLY BASIS OF RS.100/- OR ITS MULTIPLES. INTEREST RATE FOR ONE YEAR IS 7 % PER ANNUM.