Recurring deposit

( R.D. SCHEME IN 12 MONTHS @ 10% )
Monthly
Deposit AMT
Total Deposit Interest Maturity Amount
500 6000 325 6325
1000 12000 650 12650
2000 24000 1300 25300
5000 60000 3250 63250
10000 120000 6500 126500
( R.D. SCHEME IN 24 MONTHS @ 11% )
Monthly
Deposit AMT
Total Deposit Interest Maturity Amount
500 12000 1414 13414
1000 24000 2829 26829
2000 48000 5657 53657
5000 120000 14143 134143
10000 240000 28287 268287
( R.D. SCHEME IN 36 MONTHS @ 12% )
Monthly
Deposit AMT
Total Deposit Interest Maturity Amount
500 18000 3562 21562
1000 36000 7125 43125
2000 72000 14250 86250
5000 180000 35634 215624
10000 360000 71248 431248
( R.D. SCHEME IN 48 MONTHS @ 12% )
Monthly
Deposit AMT
Total Deposit Interest Maturity Amount
500 24000 6540 30540
1000 48000 13080 61080
2000 96000 26160 122160
5000 240000 65399 305399
10000 480000 130798 610798
( R.D. SCHEME IN 60 MONTHS @ 12% )
Monthly
Deposit AMT
Total Deposit Interest Maturity Amount
500 30000 10595 40595
1000 60000 21189 81189
2000 120000 42379 162379
5000 300000 105947 405947
10000 600000 211894 811894
( R.D. SCHEME IN 72 MONTHS @ 12% )
Monthly
Deposit AMT
Total Deposit Interest Maturity Amount
500 36000 15856 51856
1000 72000 31712 103712
2000 144000 63424 270424
5000 360000 158561 518561
10000 720000 317121 1037121

 

PERIOD Rate of Interest (in %)
12 Months 10
24 Months 11
36 Months 12
More than 36 Months 12

1. Interest calculation yearly compound.

2. Defaulters will be charges at the rate of 2 % per month per installment.

3. The amount on maturity will be paid after one month of the last    installment has been paid or the date of payment whichever is later.

4. The facility of loan against deposits is not available

5. On receipt of all the due installments of irregular account, it will come under the category of regular account. Even if one installment is due, the account will be considered irregular.

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