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.
MONTHLY RECCURING DEPOSIT
✓ 10% ROI P/A.
✓ Bond issued.
✓ Doorstep service.
✓ Collection update via sms.
✓ Starts from 500 Rs/monthly.
✓ Gold loan, FD loan applicable.
✓ Ac closing charge and withdrawal charge applicable. applicable.
| MONTHLY RD | |||||
| AMOUNT | 500 | 1000 | 1500 | 2000 | 2500 |
|---|---|---|---|---|---|
| NO INTEREST UPTO 6 MONTHS | |||||
| AFTER 6 MONTHS | 3000 | 6000 | 9000 | 12000 | 15000 |
| INTEREST IN 6 MONTHS | 61 | 122.5 | 183.75 | 245 | 306 |
| TOTAL IN 6 MONTHS | 3061 | 6122.5 | 9183.75 | 12245 | 15306 |
| IN 1 YEAR | 6000 | 12000 | 18000 | 24000 | 30000 |
| INTEREST IN 1 YEAR | 227.5 | 455 | 682.5 | 910 | 1137.5 |
| TOTAL IN 1 YEAR | 6227.5 | 12455 | 18682.5 | 24910 | 31137.5 |