RECURRING DEPOSIT

INST.AMT TOTAL DEPOSIT 12 MONTH(09.00%) TOTAL DEPOSIT 24 MONTH(09.50%) TOTAL DEPOSIT 36 MONTH(10.00%) TOTAL DEPOSIT 48 MONTH(10.50%) TOTAL DEPOSIT 60 MONTH(11.00%)
100 1200 1260 2400 2650 3600 4208 4800 5974 6000 8003
300 3600 3779 7200 7952 10800 12622 14400 17921 18000 24009
500 6000 6299 12000 13252 18000 21037 24000 29869 30000 40014
600 7200 7558 14400 15903 21600 25245 28800 35842 36000 48017
900 10800 11337 21600 23854 32400 37867 43200 53764 54000 72026
1000 12000 12597 24000 26505 36000 42075 48000 59737 60000 80029
1200 14400 15116 28800 31806 43200 50489 57600 71685 72000 96034
1500 18000 18895 36000 39757 54000 63112 72000 89606 90000 120043
2000 24000 25194 48000 53010 72000 84149 96000 119475 120000 160057

*Quarterly interest pay-out.

T&C

  1. If withdrawals are made before maturity the interest payable on the amount deposited in recurring deposit account would be equivalent to the interest payable on savings account.
  2. For recurring deposits maturing after 12 months – If withdrawals are made before 12 months then no interest would be payable. If withdrawals are made before maturity and after 12 months the interest payable on the amount deposited in recurring deposit account would be equivalent to the interest payable on savings account.
  3. In case of prematurity stationary charges of Rs. 30 would be charged from the member’s account.
  4. Monthly deposits start with a minimum amount of Rs. 100. The minimum amount for quarterly and half yearly deposits is Rs. 1000. The deposits can be increased further in the multiples of 100
  5. Members can avail maximum 70% loan against their investment amount deposited through recurring deposit. Members can apply for Loan as per following rules-
    • Monthly deposits – post six installments
    • Quarterly deposits – post four installments
    • Half yearly deposits – post two installments

Interest will be applicable as per the rules of the society.