RECURRING DEPOSIT

recurring deposit is a special kind of term deposit offered by us which help people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. It is similar to making fixed deposits of a certain amount in monthly installments. This deposit matures on a specific date in the future along with all the deposits made every month. Recurring deposit schemes allow customers an opportunity to build up their savings through regular monthly deposits of a fixed sum over a fixed period of time. The period of a recurring deposit is variable according to our member needs.

S.N. Scheme Name Monthly Deposit Deposit Amount Maturity Amount Tenure Interest Rate
1 RECURRING DEPOSIT 1000 60000 71930 5 YEARS 7%
2 RECURRING DEPOSIT 2000 120000 155816 5 YEARS 10%