Recurring Deposit

Terms & Condition

  • 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 instalmentOr 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.td
12 500 6000 10 6320
24 500 12000 11.0 13400
36 500 18000 11.5 21380
60 500 30000 12.0 40550