Scheme
Monthly Recurring Deposits
In a recurring deposit scheme, the investor deposits a fixed sum every month which builds savings discipline. It can help with yearly education fees, higher education costs, home furnishing and renovations, overseas vacations, and managing marriage expenses.
Highlights
- Deposit (interest) up to 12% p.a.
- Minimum recurring deposit: ₹500
- Automatic SMS for all transactions
- No TDS; nomination available
Interest rates
Monthly Recurring Deposits interest rates.
The society offers various types of recurring deposits for different maturity periods at attractive interest rates.
Period
General
Sr. citizens & women
Notes
12 Months
9.5%
10%
Start from ₹500
24 Months
10.0%
10.5%
Mid-term planning
36 Months
10.5%
11.0%
Education & goals
48 Months
10.5%
11.0%
Home improvements
60 Months
11.0%
12.0%
Long-term savings
72 Months
11.0%
12.0%
Extended horizon
78 Months
11.0%
12.0%
Maximum tenor
Rules
- Minimum amount of recurring deposit: ₹500.
- Pre-mature payment not allowed.
- Nomination facility available.
- No TDS.
Get started
- Choose your monthly amount and deposit period.
- We’ll confirm the latest effective rate and start date.
- Call: +91-8555932585
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