Loan Schemes
Deposit Schemes
Recurring Deposits
Recurring deposits (RDs) are another type of financial instrument offered by banks and financial institutions. They are similar to fixed deposits (FDs) in that they provide a way to save money with a predetermined interest rate
Recurring Deposit is a special kind of Term Deposit offered by THE NATIONAL CREDIT CO-OPERATIVE SOCIETY LTD 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.
| Sr No. | Plan Type | Minimum Installment | ROI(%) | Maturity Amount(₹) |
| 1 | 12 Months | 100 | 7 | 1,246 |
| 2 | 18 Months | 0 | 7.5 | 0 |
| 3 | 48 Months | 100 | 8.75 | 5,756 |
| 4 | 60 Months | 100 | 9 | 7,585 |
| 5 | 72 Months | 100 | 9.25 | 9,629 |
| 6 | 24 Months | 100 | 8 | 2,609 |
| 7 | 120 Months | 1500 | 9 | 2,91,333 |
| 8 | 180 Months | 1500 | 9 | 5,68,407 |
| 9 | 216 Months | 1500 | 9 | 8,04,493 |
| 10 | 36 Months | 100 | 8.5 | 4,109 |
|
Deposit AMT |
6MNT 5% |
12MNT 7% |
18MNT 7.50% |
24MNT 7.75% |
36MNT 8% |
48MNT 7.50% |
60MNT 7.75% |
120MNT 8% |
|---|---|---|---|---|---|---|---|---|
|
100 |
609 |
1246 |
1907 |
2594 |
4044 |
5535 |
7182 |
16840 |
|
200 |
1218 |
2491 |
3814 |
5188 |
8088 |
11070 |
14364 |
33680 |
|
300 |
1826 |
3737 |
5721 |
7781 |
12132 |
16605 |
21546 |
50520 |
|
400 |
2435 |
4982 |
7628 |
10375 |
16176 |
22140 |
28728 |
67360 |
|
500 |
3044 |
6228 |
9534 |
12969 |
20220 |
27675 |
35909 |
84200 |
|
1000 |
6088 |
12455 |
19069 |
25938 |
40440 |
55350 |
71819 |
168400 |
|
1500 |
9131 |
18683 |
28603 |
38906 |
60660 |
83025 |
107728 |
252600 |
|
2000 |
12175 |
24910 |
38138 |
51875 |
80880 |
110700 |
143638 |
336800 |
|
2500 |
15219 |
31138 |
47672 |
64844 |
101100 |
138375 |
179547 |
421000 |
|
3000 |
18263 |
37365 |
57026 |
77813 |
121320 |
166050 |
215456 |
505200 |
|
3500 |
21306 |
43593 |
66741 |
90781 |
141540 |
193725 |
251366 |
589400 |
|
4000 |
24350 |
49820 |
76725 |
103750 |
161760 |
221400 |
287275 |
673600 |
|
4500 |
27394 |
56048 |
85809 |
116719 |
181980 |
249075 |
323184 |
757800 |
|
5000 |
30438 |
62275 |
95344 |
129688 |
202200 |
276750 |
359094 |
842000 |
|
7500 |
45656 |
93413 |
143016 |
194531 |
303300 |
415125 |
538641 |
1263000 |
|
10000 |
60875 |
124550 |
190688 |
259375 |
404400 |
553500 |
718188 |
1684000 |