SCHEME-RECURRING DEPOSIT


HWCTCSL - RD

Recurring Deposit Accounts It’s a type of deposit account provided by banks to people with a regular income. Investors will have to issue a standing instruction to debit a fixed amount from their savings and credit it to the recurring deposit account. A delay in regular payments will result in reduction of the interest payable at maturity. Banks also provide loan facility on recurring deposits to their customers and it can go up to 90% of the deposit value.

RD PLAN
Plan RI-1 RI-3 RI-5 RI-7 RI-1 RI-3 RI-5 RI-7
Redemption Periode 1 Years 3 Years 5 Years 7 Years 1 Years 3 Year 5 Years 7 Years
Monthly Quarterly Half Yearly Yearly Total Deposit Value Maturity Value
200 596 1188 2352 2400 7200 12000  16800 2560.2 8823.6 17127 28420
1000 2980 5940 11760 12000 36000 60000 84000 12801 44118 85635 142100
2000 5960 11880 23520 24000 72000 120000 16800 25602 88236 171270 284200
3000 8940 17820 35280 36000 108000 180000 252000 38403 132354 256905 426300
5000 14900 29700 58800 60000 180000 300000 420000 64005 220590 428175 710500