Recurring Deposits

Recurring Deposits – A Profitable Scheme
Monthly installment should be minimum of Rs. 5/- and in the multiple of  Rs. 5/-.
Period for deposit is atleast 12 months and maximum to 120 months.eposit scheme for the future plans such as Children Education, Marriage etc.
Maturity would be after one month of the last installment or maturity date whichever is later.
It will give relief from the future expected expenses such as:
   Income Tax
   Land Revenue
   LIC Premium
   Educational Fees
   Household expenses
   Provisions for Car, Computer, LCD, Refrigerator etc.
   Use nomination facility.
   Issue standing instructions wherever possible.
   Do not put signature anywhere on passbook.
Sr. No Recurring Deposits Period For General Senior Citizen / Sahakari Sanstha / Trust
1 Above 12 Month to 15 Month 8.00% 8.25%
2 Above 18 Month To 24 Month 8.75% 9.25%
2 Above 27 Month To 36 Month 7.50% 8.00%
3 Above 36 Month 7.25% 7.75%