Recurring Deposit

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Recurring Deposit Scheme

Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate.
In recurring deposit account Minimum amount Rs.200/- and multiplies of 500/- is accepted every month for a specified period (1 year to five year) and the total amount is repaid with interest at the end of the particular period.

Deposit 12M 24M 36M 48M 60M
R Interest 9.25% 9.50% 9.75% 10% 10.50%
200 2524 5305 8392 11842 15831
300 3786 7958 12588 17763 23746
500 6310 13262 20980 29605 39578
600 7572 15915 25176 35526 47493
700 8834 18568 29372 41447 55408
800 10096 21220 33568 47368 63324
1000 12620 26525 41960 59210 79155
1500 18930 39788 62940 88815 118732
2000 25240 53050 83920 118420 158310
3000 37860 79515 125880 177630 237465
5000 63100 132625 209800 296050 395775

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