Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate. In recurring deposit account Minimum amount Rs.50/- and multiplies of 100/- is accepted every month for a specified period (1 year to five year) and the total amount is repaid with interest at the end of the particular period.
DAILY RECURRING DEPOSIT
✓ 7% to 10% ROI P/A.
✓ Passbook issued.
✓ Doorstep service..
✓ 70% withdrawal in 3 days..
✓ Starts daily saving 50 Rs/day..
✓ Collection receipt at the time of collection..
✓ Passbook entry by executive on daily basis..
✓ Gold loan, FD loan applicable after 3 months..
✓ Ac closing charge and withdrawal charge applicable..
✓ Collection update daily on mobile via system generated message..
| DAILY RD | |||||
| AMOUNT | 50 | 100 | 200 | 300 | 400 |
|---|---|---|---|---|---|
| NO INTEREST UPTO 6 MONTHS | |||||
| AFTER 6 MONTHS | 9150 | 18300 | 36600 | 54900 | 73200 |
| INTEREST IN 6 MONTHS | 160 | 320 | 640 | 960 | 1281 |
| TOTAL IN 6 MONTHS | 9310 | 18620 | 37240 | 55860 | 74481 |
| IN 1 YEAR | 18250 | 36500 | 73000 | 109500 | 146000 |
| INTEREST IN 1 YEAR | 640 | 1281 | 2562 | 3843 | 5124 |
| TOTAL IN 1 YEAR | 18890 | 37781 | 75562 | 113343 | 151124 |