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RECURRING DEPOSITS
Recurring Deposit is a special kind of Term Deposit offered by AKS Narpavi NIDHI LIMITED which help members with regular incomes 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.
| Plan Type | Minimum Instalment | ROI(%) | Maturity Amount (Rs) |
|---|---|---|---|
| 12 Months | 100 | 7.5 | 1249 |
| 24 Months | 100 | 7.7 | 2601 |
| 36 Months | 100 | 7.9 | 4071 |
| 48 Months | 100 | 8.1 | 5678 |
| 60 Months | 100 | 8.3 | 7445 |