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Flexi Recurring Deposit

Flexi Recurring Deposit Scheme :

Deposit Amount(in Rs) 12 Months 24 Months 36 Months 48 Months 60 Months
5.00% 6.00% 6.50% 7.00% 9.00%
25000 308200 638750 995600 1387100 1896300
10000 123280 255500 398240 554840 758520
5000 61640 127750 199120 277420 379260
4000 49312 102200 159296 221936 303408
3000 36984 76650 119472 166452 227556
2000 24656 51100 79648 110968 151704
1000 12328 25550 39824 55484 75852
500 6164 12775 19912 27742 37926

Flexi Recurring Deposit Terms :

  • Interest will be calculated on Yearly Compounded basis.
  • Recurring Deposit minimum amount Rs 500/-, thereafter in multiples of Rs 100/-
  • Lapse on payment of installment amount will make the defaulter and Charges at the 2% per month with installment amount.
  • 1 month after paying last installment or maturity amount due dates whichever is more will be applicable for payment of maturity amount.
  • Irregular deposits are not entitled for pre mature payment and loan facility against it.
  • 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 installment, the said account will be treated as irregular.
  • 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.
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