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Recurring Deposit Plan

1 Year
Monthly Installment Total deposit Interest Maturity
100 1,200 64 1,264
200 2,400 128 2,528
300 3,600 193 3,793
400 4,800 257 5,057
500 6,000 322 6,322
600 7,200 386 7,586
700 8,400 451 8,851
800 9,600 515 10,115
900 10,800 580 11,380
1000 12,000 644 12,644
2 Year
Monthly Installment Total deposit Interest Maturity
100 2,400 265 2,665
200 4,800 531 5,331
300 7,200 797 7,997
400 9,600 1,063 10,663
500 12,000 1,329 13,329
600 14,400 1,595 15,995
700 16,800 1,861 18,661
800 19,200 2,127 21,327
900 21,600 2,393 23,993
1000 24,000 2,659 26,659
3 Year
Monthly Installment Total deposit Interest Maturity
100 3,600 634 4,234
200 7,200 1,268 8,468
300 10,800 1,902 12,702
400 14,400 2,537 16,937
500 18,000 3,171 21,171
600 21,600 3,805 25,405
700 25,200 4,439 29,639
800 28,800 5,074 33,874
900 32,400 5,708 38,108
1000 36,000 6,342 42,342
4 Year
Monthly Installment Total deposit Interest Maturity
100 4,800 1,205 6,005
200 9,600 2,411 12,011
300 14,400 3,617 18,017
400 19,200 4,823 24,023
500 24,000 6,029 30,029
600 28,800 7,235 36,035
700 33,600 8,441 42,041
800 38,400 9,646 48,046
900 43,200 10,852 54,052
1000 48,000 12,058 60,058
5 Year
Monthly Installment Total deposit Interest Maturity
100 6,000 2,024 8,024
200 12,000 4,049 16,049
300 18,000 6,074 24,074
400 24,000 8,099 32,099
500 30,000 10,124 40,124
600 36,000 12,149 48,149
700 42,000 14,174 56,174
800 48,000 16,199 64,199
900 54,000 18,224 72,224
1000 60,000 20,248 80,248

Tenure of Payment

The tenure of tile account is 12 months and above.

Mode of Payment

AIl payments to the company shall be made either in cash or by cheque/draft against the receipt countersigned by its authorized signatory payments by any mode or media other than mentioned above shall be at the member account holder's own risk. The cheque/draft shall be credited in the name of member Account Holder subject to clearance by the bank. Out station cheques shall not be accepted

lssue of Passbook:­

A passbook will be issued to every Member Account Holder. The Member Account Holder shall get the pass book updated at regular intervals. If any discrepancy or difference in the amount is found between the entries made in the passbook and receipts duly countersigned by the authorized signatory of the branch office bearing seal. Payment shall be made on the basis of receipts only.


Terms & Conditions:

  • It is mandatory to be a member in the company.
  • Company will issue ten shares (10/- Rs each) for all investments.
  • Interest will be calculated on yearly basis.
  • Recurring Deposit minimum amount Rs 100/-, thereafter in sum of Rs 100/¬­
  • Loan on deposits will be charged at 18% yearly compound interest basis.
  • 1 month after paying last installment or maturity amount due date whichever is more will be applicable for payment of maturity amount.
  • Irregular deposits are not entitled for pre mature payment and loan facility against it.
  • On irregular deposits if all irregular pending deposits are paid then such account will be treated as regular. Even if there is default in payment of 1 installment, the said account will be treated as irregular.
  • After maturity date, payment on irregular accounts will be made after deducting the penalty amount maximum to the limit of interest earned on such account. No deductions will be made on principle amount of such accounts.
  • After depositing the premium of 6 months, any type of interest will not be given.
  • If any person premature its R.D then the person will be paid 3% , less of maturity interest after 12 months to 60 months.
  • Any type of premature of R D will be paid within 30 or 40 days.
  • in case of death of a depositor, the company will repay to nominee or beneficiary the principal & interest, at which it was accepted.
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