Recurring Deposit is a special kind of Term Deposit offered by Betiyan Nidhi Limited which help members with
regular income to
deposit a fixed amount in every month into their Recurring Deposit account and earn interest at the rate
applicable.
Recurring Deposit Features & Benefits: -
- • The Recurring deposit account is an account in the bank where an investor deposits a fixed amount of
money every month for a fixed tenure.
- • Recurring deposit account is opened by those who want to save regularly for a certain period of time
and earn a higher interest rate.
- • Recurring deposit scheme is meant for investors who want to deposit a fixed amount every month, in
order to get a lump sum after some years.
Per Month Deposit |
|
500 |
|
1000 |
|
5000 |
|
Tenure |
ROI |
DEPOSIT |
MATURITY |
DEPOSIT |
MATURITY |
DEPOSIT |
MATURITY |
1 Year |
6.00% |
6000/- |
6198/- |
12000/- |
12395/- |
60000/- |
61976/- |
2 Year |
6.25% |
12000/- |
12809/- |
24000/- |
25618/- |
120000/- |
128090/- |
3 Year |
6.50% |
18000/- |
19912/- |
36000/- |
39824/- |
180000/- |
199122/- |
5 Year |
7.00 % |
30000/- |
35966/- |
60000/- |
71933/- |
300000/- |
359664/- |