| Recurring Deposit Plan | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recurring Deposit of Rs. 2000/- per Month | |||||||||||
| Tenure | Rate of Interest | ||||||||||
| 12 Months | 8.00% | ||||||||||
| 18 Months | 8.50% | ||||||||||
| 24 Months | 9.50% | ||||||||||
| 36 Months | 10.50% | ||||||||||
| 48 Months | 11.50% | ||||||||||
| 60 Months | 12.50% | ||||||||||
Key Features
- Fixed/Variable monthly deposit options in multiple of INR 100
- Minimum Deposit: INR 500
-
Fixed: 9%for regular members and senior citizens
- Tenure: 12-60 Months
- Loan facility up to 90% of deposit amount; Interest charged will be 2% above deposit rate
Terms & Conditions:-
- Interest will be calculated on yearly basis.
- Recurring Deposit minimum amount Rs 500/- thereafter in multiples of Rs 100/-
- Irregular deposits are not entitled for pre mature payment and loan facility against it.
- R.D. will not be premature within first 3 month.
- If R.D. is matured after 3 month but before 6 month no interest will be paid.
- If any person premature its R.D. then the person will be paid 2% less of maturity interest after 6 months to 60 months.
- in case of death of a depositor, the company will repay to nominee or beneficiary the principal & interest, at which it was accepted.