Recurring Deposits

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MONTHLY DEPOSIT TIME PERIOD ROI PRINCIPLE AMOUNT MATURITY AMOUNT
MONTHLY DEPOSIT TIME PERIOD ROI PRINCIPLE AMOUNT MATURITY AMOUNT



500 INR



      12          8% 6000 6260


1000 INR






 		12 8% 12000 12520
24 8.5% 12000 13086 24 8.5% 24000 26172
36 9% 18000 20627 36 9% 36000 41255
48 10% 24000 29354 48 10% 48000 58709
60 11.5% 30000 40091 60 11.5% 60000 80182
MONTHLY DEPOSIT TIME PERIOD ROI PRINCIPLE AMOUNT MATURITY AMOUNT            
MONTHLY DEPOSIT TIME PERIOD ROI PRINCIPLE AMOUNT MATURITY AMOUNT



2000 INR





      12          8% 24000 25040


3000 INR






 		12 8% 36000 37560
24 8.5% 48000 52344 24 8.5% 72000 78516
36 9% 72000 82510 36 9% 108000 123765
48 10% 96000 117417 48 10% 144000 176126
60 11.5% 120000 160364 60 11.5% 180000 240546
MONTHLY DEPOSIT TIME PERIOD ROI PRINCIPLE AMOUNT MATURITY AMOUNT 
MONTHLY DEPOSIT TIME PERIOD ROI PRINCIPLE AMOUNT MATURITY AMOUNT



5000 INR





      12          8% 60000 62600


10000 INR






 		12 8% 120000 125200
24 8.5% 120000 130860 24 8.5% 240000 261720
36 9% 180000 206274 36 9% 360000 412549
48 10% 240000 293543 48 10% 480000 587087
60 11.5% 300000 400911 60 11.5% 600000 807821

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.

Issue 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 authorised signatory of the branch office bearing seal. Payment shall be made on the basis of receipts only.

Terms & Conditions

  1. It is mandatory to be a member in the company.
  2. Company will issue 1 shares (10/- Rs) for RD Plan.
  3. Interest will be calculated on yearly basis.
  4. Recurring Deposit minimum amount Rs 500/-, thereafter in multiples of Rs 100/-
  5. Loan on deposits will be charged at 18% yearly compound interest basis.
  6. 1 month after paying last instalment or maturity amount due date whichever is more will be applicable for payment of maturity amount.
  7. Irregular deposits are not entitled for pre mature payment and loan facility against it.
  8. 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 instalment, the said account will be treated as irregular.
  9. 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.
  10. R.D. will not be premature within first 3 month.
  11. If R.D. is matured after 3 month but before 6 month no interest will be paid.
  12. After depositing the premium of 6 months, any type of interest will not be given.
  13. If any person premature its R.D then the person will be paid 2% , less of maturity interest after 6 months to 60 months.