Recurring Deposit Scheme

Rajendrasanchya India Nidhi Limited

Recurring Deposit is available with various tenures which the members can choose as per their requirement.

 

Overview & Benefits

Safe investment: Recurring deposits carry no risk at all. Recurring deposits are just a simple investment of your money & do not dabble in the markets. The interest rate will not fluctuate & you do not stand to lose any money.

Earn while you save: Your deposit will earn interest from your first contribution. The interest accumulated will increase through your tenure. The longer you invest, the more interest you will earn.

Loan Offers: When you have an R.D. with a us, you sometimes get pre-approved loan offers. In other cases, your loan applications will be given preference and your processing might be faster.

Open an account with your choice of period from 1 year to 5 years.

Amount / Term 1 Yr. @9% 2 Yr. @9.5% 3 Yr. @10% 4 Yr. @10.5% 5 Yr. @11%
1000 12597 26505 42075 59737 80029
2500 31492 66262 105186 149344 200072
5000 62984 132523 210373 298687 400144
7500 94476 198785 315559 448031 600215
10000 125968 198785 420745 597374 600215
15000  188952 265047 631118 896062 1200431
20000 251936 530094 841491 1194749 1600574
25000 314920 662617 1051864 1493436 2000718
50000 629841 1325234 2103727 2986872 4001435
100000 1259682 2650469 4207454 5973744 8002871

Terms & Conditions:

• It is mandatory to become a member in Rajendrasanchya India Nidhi Limited to open a R.D. Account.
• It is Mandatory to complete the KYC Norms.
• Open an account with your choice of period from 1 Year to 5 Years.
• Interest will be calculated on quarterly compound basis.
• Interest amount is subject to TDS deductions as per existing income tax rules.
• Rate of Interest for Senior Citizens, Women & Ex-servicemen shall be 0.50% higher than normal prevailing interest rate on Recurring Deposit.
• The Member Account Holder shall surrender the passbook and duly signed application to the company and the maturity shall be paid along with interest as per the above-mentioned Chart. No additional interest would be paid on the maturity amount, if taken after the scheduled period.
• Facilities: Loan facility is available against deposits. Nomination facility is available for deposits.
• Irregular deposits are not entitled loan facility against it.
• On irregular deposits, if all irregular pending payments are paid then such account will be treated as regular. Even if there is default in payment of installment the said account will be treated as irregular.
• At the time of maturity, payment on irregular accounts will be made after deducting the penalty amount maximum to the limit of interest earned on such account. No deductions will be made on principle amount of such accounts.
• Interest rates are subject to change at the sole discretion of the Rajendrasanchya India Nidhi Limited.
• Rajendrasanchya India Nidhi Limited reserves the right to alter or add to these rules at any time without any notice.