Recurring Deposit Scheme
Deposit Amount of 5000.00 per Month
Scheme Name Tenure(In Months) Rate of Interest Invest Amount Maturity Interest Benefit
ORD-1 24 7% 1,20,000.00 1,29,098.90 9,098.90
ORD-2 36 7.50% 1,80,000.00 2,02,265.11 22,265.11
ORD-3 48 7.75% 2,40,000.00 2,81,822.63 41,822.63
ORD-4 60 8.25 % 3,00,000.00 3,71,768.60 71,768.60
Tenure of Payment
  • The tenure of tile account is 12 months and above.
Mode of Payment
  • All payments to the company shall be made either in cash or by cheque/draft against the receipt countersigned by its authorized signatory payments by any mode or media other than mentioned above shall be at the member account holder's own risk. The cheque/draft shall be credited in the name of member Account Holder subject to clearance by the bank. Out station cheques shall not be accepted.
Issue of Passbook
  • A passbook will be issued to every Member Account Holder. The Member Account Holder shall get the pass book updated at regular intervals. If any discrepancy or difference in the amount is found between the entries made in the passbook and receipts duly countersigned by the authorized signatory of the branch office bearing seal. Payment shall be made on the basis of receipts only.
Terms and Conditions
  • It is mandatory to be a member in the company.
  • Company will issue one shares (100/- Rs each) for RD Plan.
  • Interest will be calculated on quarterly basic.
  • Recurring deposit minimum amount Rs.500 thereafter in multiples of Rs.500.
  • 1 month after paying last instalment or maturities amount due date whichever is more will be applicable for payment of maturity amount.
  • Irregular deposits are not entitled for premature payment and loan facility against it.
  • On irregular deposit if all irregular pending deposits are paid than such amount will be treated as regular. Even if there is default in payment of 1 instrument, 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. No deduction will be made on principal amount of such accounts.
  • F.D. will not be premature within first 3 month.
  • If F.D. is matured after 3 month but before 6 month no interest will be paid.
  • After depositing the premium of 6 month, no interest will be paid.
  • If any person premature it's FD/RD the person will get the interest of saving a/c interest.
  • In case of death of a depositor, the company will repay to nominee or beneficiary the principal & interest, at which it was accepted.