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
Principle Value Total Deposit Value Maturity Value
200 2400 7200 12000 16800 2560 8824 17127 28420
1000 12000 36000 60000 84000 12801 44118 85635 142100
2000 24000 72000 120000 168000 25602 88236 171270 284200
3000 36000 108000 180000 252000 38403 132354 256905 426300
5000 60000 180000 300000 420000 64005 220590 428175 710500