Shrimadhopur (Sikar) 332715

Recurring Deposit


People with regular saving habits expecting to earn a fair return on the deposits over a period of time can avail the benefits of our Recurring Deposit scheme. While opening the account, the depositor has to agree to credit a fixed amount once a month for a specific period predetermined at the time of account creation. The total deposit along with the interest there in is payable on maturity. However, the depositor can close the account before its maturity and get back the money along with the premature rate of interest till that period. The account can be opened by a person individually or jointly with another, or by the guardian in the name of a minor.

 

Period Rate Of Interest Amount Maturity Amount Total Amount
6 Months 9.00% 1000 Monthly ₹ 6,000 ₹ 6,160
12 Months 11.00 % 1000 Monthly ₹ 12,000 ₹ 12,741
18 Months 11.25 % 1000 Monthly ₹ 18,000 ₹ 19,695
24 Months 11.50 % 1000 Monthly ₹ 24,000 ₹ 27,100
36 Months 12.00 % 1000 Monthly ₹ 36,000 ₹ 43,511
48 Months 12.00 % 1000 Monthly ₹ 48,000 ₹ 61,841
60 Months 13.00 % 1000 Monthly ₹ 60,000 ₹ 84,805

 

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