RECURRING DEPOSIT

RECURRING DEPOSIT

RECURRING DEPOSIT


Suitable to monthly earning people. The instalment can be paid by cheque or through transfer from other bank accounts, or transfer from Fixed deposit interest and also by cash.
The minimum period is for 12 months and maximum period is 60 months.
The pre closure procedure is as applicable for Fixed deposit.
Interest is calculated on quarterly compounding method.
Maturity amount can be credited to the account with any bank at FREE of charges.
No TDS for interest up to Rs.40000/- p.a.

1st YEAR PLAN



Annual Amt Paid


Monthly Instalment

1 year

12 Months

GENERAL PUBLIC - 9.50%

SENIOR CITIZEN (55 yrs) - 10.00%

1200 100 1314 1320
2400 200 2628 2640
3600 300 3942 3630
4800 400 5256 5280
6000 500 6570 6600
12000 1000 13140 13200
24000 2000 26280 26400
60000 5000 65700 66000
120000 10000 131400 132000

2 nd YEAR PLAN



Annual Amt Paid

2 year

24 Months

GENERAL PUBLIC - 9.75%

SENIOR CITIZEN (55 yrs) - 10.25%

2400 2517 2646
4800 5268 5292
7200 7902 7938
9600 10536 10584
12000 134703.75 13230
24000 26340 26460
48000 52680 52920
120000 131700 132300
240000 263400 264600

3 rd YEAR PLAN



Annual Amt Paid

3 year

36 Months

GENERAL PUBLIC - 10.00%

SENIOR CITIZEN (55 yrs) - 10.50%

3600 3960 3978
7200 7920 7956
10800 11880 11934
14400 15840 15912
18000 19800 19890
36000 39600 39780
180000 198000 198900
360000 396000 397800

4 th YEAR PLAN



Annual Amt Paid

4 year

48 Months

GENERAL PUBLIC - 10.25%

SENIOR CITIZEN (55 yrs) - 10.75%

4800 4800 5316
9600 10584 10632
14400 15876 15948
19200 21168 21264
24000 26460 26580
48000 52920 53160
96000 105840 106320
240000 264600 265800
480000 529200 531600

5 th YEAR PLAN



Annual Amt Paid

5 year

60 Months

GENERAL PUBLIC - 10.50%

SENIOR CITIZEN (55 yrs) - 11.00%

6000 6630 6660
12000 13260 13320
18000 19890 19980
24000 26520 26640
30000 33150 33300
60000 66300 66600
120000 132600 133200
300000 331500 333000
600000 663000 666000