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Recurring Deposit Plan (R.D.) |
Terms & Conditions
- Recurring Account will be open with minimum Rs.500/- for one and two Years and Next in Multiple of Rs.100/-
- 3 Years & Above Account with minimum Rs.100/- and Next in Multiple of Rs.100/-
- Interest shall be calculated on Monthly basis.
- Late fee will be charged @2% per month per installment.
- The Maturity Amount will be paid after one Month from the date of deposit last instalment Or date of opening which is earlier.
- The Loan facility & Pre-maturity is not allowed on irregular accounts. If three installment is due Continue, the account will be treated as default or irregular account on deposit of all balance installment .The account will treated as regular account.
| Month |
Deno Amount |
Total Deposit |
Maturity Amount |
| Mly. |
| ROI % |
Amt. |
| 12 |
500 |
6000 |
10 |
6320 |
| 24 |
500 |
12000 |
11.0 |
13400 |
| 36 |
500 |
18000 |
11.5 |
21380 |
| 60 |
500 |
30000 |
12.0 |
40550 |
--%>
| 72 |
500 |
36000 |
12.5 |
52590 |
| 120 |
500 |
60000 |
13.0 |
118160 |
| 180 |
500 |
90000 |
13.0 |
259260 |
| 240 |
500 |
120000 |
13.0 |
519240 |
In amount in calculate Rs. 500/-
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